It’s a source of pride that a large proportion of INDOS’s growth has been organic, as borne out by the testimonials from clients and industry participants below.

I was uncomfortable about having the administrator as admin and depo-lite provider. It felt like they were "marking their own homework" - by that I mean they rarely queried the manager and any probing felt light. Cantab directors also helped to make the decision. A couple of Cantab fund directors had other clients that use INDOS, and they said that they had been impressed with them too. So we feel we get a more thorough service and for a lower fee. This is a "win-win" for our investors.

Fraser McIntyre, Cantab Capital Partners LLP

We don’t insist on managers appointing an independent depositary, though we do en-courage managers to talk to INDOS in their depositary RFP process, rather than just opting automatically for the administrator affiliated depositary. In our opinion and experience, there is less added value from having an administrator-affiliated depositary than there is from having an independent depositary.

Nick Gaze, Fund Director, Danesmead

The quality of reporting and work was a huge improvement. They look at things in a more comprehensive, detailed manner, using technology effectively. Whereas some other depositaries only carry out reviews for quarterly board meetings, INDOS provide more frequent reviews. The work is performed to a really high standard with a more hands on service.

Raza Khan, Indar Capital

Alvento Capital partnered with INDOS Financial because they offered an independent service which could necessarily withstand the rigours of a far reaching investor due diligence and, upon examination of their systems and control processes, we could see how their product offering has the potential to go further than that available from administrators.

Lance Peatling, Alvento Capital

We selected INDOS because we were looking for a depositary that would integrate with our existing service providers without the need to change our operating model. INDOS took a proactive and flexible approach throughout the on-boarding process and have provided a thorough and valued level of independent fund oversight since.

Mark Sheppard, Manchester & London

It was very interesting to see how INDOS Financial is set up to perform the AIFMD depositary duties. Your firm is clearly very well versed in AIFMD and your systems and procedures are extremely thorough. We can see how your AIFMD depositary duties will add value to your clients and provide an extra layer of comfort and assurance for investors.

Operational Due Diligence firm

As an investor in hedge funds, we value the role of an independent depositary. A depositary’s oversight of fund cash flows, assets, net asset valuation and prospectus compliance provides an on-going check on the activities of the manager and fund administrator. As an independent firm, free of any conflicts of interest with other fund service providers, we take comfort from the role that INDOS Financial performs for some of the funds we invest in.

JP Lee, CFO & Head of ODD, Fund of Hedge Funds

We engaged INDOS in 2016. We have found the INDOS team to be professional, working seamlessly with our administrator and demonstrating how an independent depositary can add value to the fund’s governance structure.

COO, Global Macro Hedge Fund

We have been an INDOS client since 2016 and continue to be impressed by their thorough approach.

Kate Chisnall, COO Cologny Advisors LLP