FOF/CPO cures growing pains, thanks to LAMP outsourced services.

Situation
Liberty Funds Group, Inc., a fund of funds (FOF) and commodity pool operator (CPO), is located in Dallas and Lubbock, Texas, Chicago and New York.

Challenge
After nearly 25 years of growing its business and the promise of further accelerated growth, Liberty Funds Group, or LFG, determined that its fund accounting operations were inefficient at best and could become outright wasteful as the firm grew. Instead of continuing to divert attention from investments and clients, LFG decided it needed to add resources specifically to handle its fund accounting needs.

After considering an internally managed, onsite alternative fund accounting system, LFG opted for a more economical solution – outsourced backoffice accounting services from LAMP Technologies. In LAMP, LFG found the experts they needed, technology that is scalable, economical and safe and a company that is committed to supporting, updating and refining its services.

Solutions
Starting in early 2004, LFG partnered with LAMP for FOF and CPO fund accounting services. LAMP is committed to understanding each client’s situation before creating a customized transition plan and then implementing the solution. For LFG, the solution included a long list of backoffice services.

For FOF, LAMP provides the following resources to LFG:

• Consolidated Statement of Accounts
• CFTC Reports
• Investor Equity Reports
• Monthly Results Manager
• Allocation Reports
• Portfolio Fund Screen
• Excel Data Exports

For CPO, LAMP provides LFG with:

• Daily Flash Reports
• Fund Equity Performance Reports
• Sector Charts
• Current Open Positions

With daily access, LFG uses this information for a variety of purposes, including investor monthly statement reports, investor histories, internal reporting, manager performance analysis, analysis of current positions and fund performance, the development of marketing materials and even sales demonstrations.

Results
Because LAMP handles LFG’s backoffice accounting, LFG principals can focus on their clients’ investment needs. The firm now has real scalability. It is prepared for growth without restructuring its staff or jeopardizing its trademark client service. If that weren’t enough, LFG now has instant 24-hour access to data, so they can better analyze their products and clients.

For LFG clients, LAMP services support fast access to important information, better monthly reporting statements and a superior focus on client service and investment performance.