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Integre Advisors launches administration business for independent money managers

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Integre Advisors, a New-York based asset management firm, is launching Integre Administration, a subsidiary to provide outsourced buy-side administration for independent money managers.

Integre Advisors, a New-York based asset management firm, is launching Integre Administration, a subsidiary to provide outsourced buy-side administration for independent money managers.

Manny Weintraub, Integre’s founder and principal, says: ‘Many smaller money managers are in a bind. With the market’s erosion, portfolios are down and so are fees, while infrastructure costs remain the same.

‘We are providing a new way for money managers to cut the costs and staff of their middle-office while ensuring safe, reliable, and verifiable records. We are equipped to handle all of the day-to-day administration and operations of their customer accounts.’

Integre Administration, based and staffed in New York City, is tailored to the needs of discretionary money managers of separately managed accounts, high-net worth investors, pension funds, and IRAs.

Integre provides a complete database structure, computer systems in a secure location, on-site and off-site data backup and storage, system mobility for disaster planning, and a telephone system with VOIP capability for location mobility.

Integre Administration will be run by Michael J. Marrone, Integre’s chief operating officer and chief compliance officer, who has substantial operations experience at organisations such as SS&C Fund Services and Gabelli Asset Management as well as at Integre Advisors.
 
‘We understand money management from the inside out,’ says Marrone. ‘We have made major investments in software and infrastructure to ensure independent money managers that their middle- and back-office operations will run smoothly and seamlessly.’

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