CPO gets peace of mind from LAMP Technologies backoffice outsourcing.

Situation
Based in Princeton, New Jersey, Ruvane Fund Management Corporation is a commodity pool operator (CPO).

Challenge
In 2000, Ruvane recently had set a new goal for business growth. Without reinventing the wheel, the company needed to expand its distribution channel and increase the size of its client base. For some time, the firm had relied on another vendor that failed to meet the company’s expectations for accuracy, consistency, timeliness and service. Focusing on investment performance and service for its clients, without the distractions of operations issues, Ruvane already understood the advantages of outsourcing as the best way to manage backoffice tasks. The company simply needed to find the right partner for the job.

For the principals at Ruvane, the deciding factors were the experience of LAMP’s management team, its motivated staff and the highly specialized technology platform of LAMP Technologies. Designed specifically to serve the alternative investments industry, specializing in CPOs, CTAs and fund of funds, LAMP Technologies was able to deliver a level of service that was virtually impossible for other vendors to match.

Solution
Initially, LAMP provided Ruvane with fund accounting, investor reporting and portfolio performance and position reporting. As Ruvane has grown, LAMP has provided new Web-based tools to better inform distributors and clients. LAMP also provides VaR reporting for assessing portfolio risk and for meeting the requirements of regulatory filings. With the advent of Sarbanes-Oxley, LAMP has helped organize internal and external teams in preparing for compliance with new rules. 

Results
Since partnering with Ruvane, LAMP has helped the CPO stay focused on its core mission, serving its clients. Ruvane’s distribution channel, which has grown steadily since 2000, has access to the latest information. Ruvane clients feel more comfortable about their funds since they have 24-hour Web access to the latest information, data that‘s independently valued by a third party.

In brief, Ruvane has been able to grow its business, focusing on performance and client service without being distracted by the operations that support the firm and its distributors and clients.