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News and Insights

Read about our latest news, insights and upcoming events.

STP Investment Services Sponsors at FIS Group Conference

August 25th, 2016

STP Investment Services a leading provider of investment operations and administration services to the investment community had the privilege to be a lead sponsor at the recent FIS Group conference in Philadelphia PA. STP hosted a booth at the conference and is part of the FIS Group operational ecosystem.

STP congratulates the FIS Group on its 20th year of providing investment solutions and institutional access to entrepreneurial managers.
[Read More]

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Featured in Fund Fire Article: "Managers Weigh Benefits of Outsourcing to Boost Distribution."

August 15th, 2016

STP Investment Services Chief Executive Officer, Patrick Murray, was quoted in the August 15, 2016 FundFire article, “Managers Weigh Benefits of Outsourcing to Boost Distribution.” The article examines the potential benefits to investment Managers and the analyses required when deciding whether to outsource their middle- and back-office functions. STP Investment Services is a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, giving them the technology, expertise and confidence needed to focus on core business objectives. In order to decrease operational risk and scale the business rapidly and effectively, investment managers need to focus on people, processes and platforms. STP Investment Services, an international company with fully owned offices in the United States and India, provides a broad range of services for the asset management industry with capabilities to process all asset classes and meet ever-evolving business requirements.
[Read More]

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Damon Wioskowski named the STP Core Values Champion

August 10th, 2016

The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The reigning "Core Values Champion" is awarded the belt to decorate their office. Damon Wioskowski won the vote in August for being an extraordinary team player and bringing a positive attitude to the workplace.

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STP has been named one of the 2016 Best Places to Work by the Philadelphia Business Journal

August 10th, 2016

Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region for a fifth time. Philadelphia Business Journal received a record number of nominations for 2016, making this year’s win all the more distinctive. The award recognizes companies that demonstrate an outstanding appreciation for their employees by fostering a positive culture and work environment.
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Rimes

STP Investment Services Announces Strategic Relationship with Thomson Reuters Risk Management Solutions

August 9th, 2016

STP Investment Services, a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, today announced a new strategic relationship with Thomson Reuters Risk Management Solutions. The relationship allows STP Investments Services to expand its Know Your Customer (KYC) and anti-money laundering (AML) solutions through its World-Check One software.
[Read More]

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Rimes

STP to Attend RIMES Conference

August 8th, 2016

Patrick Murray, Chief Executive Officer of STP Investment Services, will be speaking at the RIMES Client Conference in New York City on September 15, 2016.
[Read More]

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Jeff Lewis

Investment Performance Measurement: Evaluating and Presenting Results

July 13th, 2016

Investment managers need insight into their historical performance to help evaluate and control their investment process. This insight also facilitates the marketing of services and communication with current and prospective clients. The reporting data helps the client monitor whether a manager is performing as expected given the capital market environment over the period. These requisites make performance measurement and investment performance presentation integral parts of the investment decision-making process.
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PMAR

STP’s CEO, Patrick Murray, joins key Data Management panel at the annual PMAR conference in Philadelphia featuring the “Rock Stars of Performance Measurement”

May 17th, 2016

STP Investment Services Chief Executive Officer, Patrick Murray, joined John Farris, Rimes, and Richard Mailhos, Eagle Investment Systems, on a panel at the annual and industry leading Spaulding Group’s PMAR conference this year featuring the “Rock Stars of Performance Measurement.” The panelists discussed challenges, key drivers, governance, and solutions for data management issues facing the asset management industry.
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PMAR

STP’s Proprietary Dashboards Deliver Reconciliation Transparency.

May 15th, 2016

Accurate and timely reconciliations between investment manager and custodian records are the foundation of sound investment accounting records and accurate performance measurement. Swift identification and resolution of all exceptions is critical. Reconciliation gaps caused by inefficient processes not only leave investment managers exposed to a multitude of operational risks, but also erode the accuracy of stated performance returns. To mitigate these risks, STP Investment Services utilizes a highly automated, exceptions based reconciliation application that allows us to quickly identify and process required global reconciliation adjustments. [Read More]

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Control Ops

STP Releases V7 of ControlOps - Audit Control and Task Management Proprietary Software.

April 18th, 2016

ControlOps© is an auditor approved key application that eliminates the need for paper backup and manual checklists, establishes clear responsibilities and authority, and enables efficient operational control and oversight in all areas of the investment management operation. [Read More]

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Dan Schlossberg

STP hires Dan Schlossberg as Vice President of Business Development & Relationship Management

April 18th, 2016

Dan is the VP of Business Development & Relationship Management at STP Investment Services, responsible for building and managing client relationships. Dan has over 25 years of industry experience and throughout his career he has worked in many different client facing roles and operational management positions. In these roles Dan oversaw and managed back office operations, investment accounting and client implementations. [Read More]

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STP Core Values

Rama Subbaiah wins the STP India Core Values Champion trophy

January 29, 2015

STP India has held their first ever Core Values Championship this January. STP India has taken the initiative to recognize employees who exemplify the STP Core Values. Although the STP India team decided to make their trophy different from the original champion's belt. Rama Subbaiah won the vote for excelling as a team leader and consistently being enthusiastic in the workplace.

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Saneesh Surendran named the STP Core Values Champion

August 26, 2015

The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The reigning "Core Values Champion" is awarded the belt to decorate their office. Saneesh Surendran won the vote in August for being an extraordinary team player and bringing a positive attitude to the workplace.

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Best Place To Work 2015

STP has been named a finalist in the Philadelphia Business 2015 Best Place to Work Awards

August 14, 2015

Philadelphia Business Journal has released the list of the fifteen small business finalists in its 2015 Best Place to Work Awards. 2015 marks the fourth consecutive year STP has been named as one of the Best Places to Work. We take pride in focusing on creating a positive work environment and company culture and will continue to as we grow. [Read More]

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hireONE

Prospective employees! STP Investment Services will be attending the hireONE business event.

August 7, 2015

Hire One, a CCEDC initiative, is a public/ private partnership which provides employment services to the Health Care, Energy, IT/Communications, Life Science, Manufacturing and Agriculture industries. STP Investment Services will be attending the August 26th conference and prospective employees will have the opportunity to meet and network with some of the STP employees. [Read More]

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Chris Sallemi wins the first STP Core Values Championship

March 6, 2015

The Core Values Championionship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The "Core Values Champion" is awarded the belt to decorate their office. Chris Sallemi won the vote in February for always finding solutions in a blame free environment, and maintaning excellent client service.

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Tech Impact

Eagle Investment Systems wins the "Best Fund Accounting and Data Management Platform" at the A-Team Data Management Summit awards in London.

October 9, 2014

STP would like to congratulate Eagle Investment Systems for the honor of winning the ‘Best Fund Accounting and Data Management Platform’ at the A-Team Data Management Summit awards in London. Eagle is at the core of our full service middle and back office outsourcing solution and we are happy to celebrate the success from their continued investment in the product!

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Tech Impact

STP Founder, President, and CEO Patrick Murray joins Nonprofit Tech Impact to give back to the community.

September 12, 2014

Tech Impact’s Advisory Board provides a way for experts in the field of technology to give back to their communities in their field of expertise. The group meets quarterly and guides Tech Impact in regard to the program offered by ITWorks as well as the scope of technology services that Tech Impact provides Nonprofits. Advisory Board members are committed to providing their time, treasure, and talent in order to help communities and Nonprofits better serve our world.

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2014 Philadelphia Best Places to Work Logo

STP has once again been named one of the Best Places to Work by the Philadelphia Business Journal.

August 7, 2014

Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region for the third year in a row. 2014 has been a monumental year for STP and we are proud to be once again recognized for our employee work enviroment and company culture.

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What sets STP apart to become one of the Best Places to Work?

September 18, 2013

To be considered for the Best Places to Work list means that the companies employees are engaged and feel appreciated. It means that employees feel a sense of camaraderie with co-workers. It also means that workers are allowed – even encouraged – to have a good time. [Read More]

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2013 Philadelphia Best Places to Work Logo

STP has been named one of the 2013 Best Places to Work Winners by the Philadelphia Business Journal.

June 6, 2013

Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region. The award recognizes the company’s achievements in creating a positive work environment that attracts and retains employees through a combination of benefits, working conditions and company culture.

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STP Investment Services attended the CFA Society's Annual Endowment and Foundation conference.

June 6, 2013

Panels:
-Are Hedge Funds Worth It?
-How Endowments and Foundations Can Deal With Inflation
-Updates on the Outsourced CIO Model
-Investing In a Low Yield Environment

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Washington Association of Money Managers

STP Investment Services attended presentation from Dan Fuss the Vice Chairman of Loomis, Sayles & Company.

June 6, 2013

Interest rates on fixed income instruments have been at historically below average levels, so defensive bond investment strategies emphasize shorter maturities and floating rate debt to help protect against the effects of higher interest rates in the future.

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Blog Post

3 Tips for Performing Fund Administration Due Diligence

April 12, 2013

A combination of marketplace volatility and hedge fund scandals has propelled investment practices onto center stage. Regulatory agencies that include the U.S. Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency, and the Financial Industry Regulatory Authority (FINRA), have become more vigilant in their oversight of the front, middle and back office functions of hedge funds. [Read More]

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STP Investment Services attended a presentation entitled, 'Economic Outlook: Cyclical Recovery, Structural Challenges'.

April 3, 2013

John Silvia, Chief Economist for Wells Fargo Securities, discusses how predictions outlined sustained below-trend growth though the Housing sector is improving. Yet the Employment outlook continues to reflect cyclical and structural change. Economic progress has been uneven, with upper income individuals faring better than those at other income levels. Inflation remains low, while multinational corporate profits increase more from overseas versus domestic activity.

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STP Investment Services attended the “Evaluated Pricing Webcast: Examining The Perception Gap” which was a recent webcast hosted by Waters Technology.

March 14, 2013

During this webcast on Pricing and Valuations, Financial Industry representatives discussed how vendors are trying to improve confidence in their evaluated prices and help firms comply with the new regulations by being more transparent about the data and methodologies they use.

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STP Investment Services attended the CFA society's 'How to Start an Investment Management Firm' presentation.

February 28, 2013

Panelists from Rosemont Partners, Clothier Springs Capital Management, and Cheswold Lane Asset Management spoke about marketing, operational and compliance challenges awaiting attendees interested in starting an investment management firm. Topics included: choosing your business organization structure, Compliance and regulatory issues, investment research tools, determining your firm's investment philosophy.

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5 Benefits to Separately Managed Account (SMA) 3rd Party Support

February 27, 2013

Among wealthier investors, separately managed accounts are an increasingly popular alternative to mutual funds as they offer more individual control, more nimble trade responses, and better overall performance. Offering separately managed accounts improves the ability of investment firms to compete with industry leaders in delivering the sort of performance that more affluent individual investors expect. [Read More]

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Volcker Rule - Seven Things You Need to Know

February 20, 2013

What is the Volcker rule, and how can it affect businesses? This article will cover the most important things to know about how it can affect financial institutions. [Read More]

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Client Reporting Now Critical to Investment Operations

February 17, 2013

One of the critical aspects of providing services to investment management firms, whether for an established operation or a new private fund, concerns the delivery of accurate, timely, and audit quality reports and statements. Prior to the financial crisis in 2008, client reporting did not have the critical level of importance now placed on the function. [Read More]

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Investment Operations Outsourcing - Align Your Core Values

February 15, 2013

To outsource or not to outsource? Should I outsource my entire back office, or only one function? How do I know I can trust an investment operations outsourcing or fund administration service provider? Will the team dedicated to my account be as good as my own people?
These are common questions that investment management firms are faced with when evaluating the investment operations outsourcing question. [Read More]

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Blog Post

5 Reasons to Hire an Independent Administrator for Your Hedge Fund

February 09, 2013

New hedge funds are frequently forming as a result of spin offs from proprietary trading operations, starts-ups of seasoned portfolio managers or newcomers armed with cash from family members and friends. Hedge Fund Research reports that more new hedge funds started in the first quarter of 2012 than any quarter since 2007. [Read More]

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Launching a Hedge Fund: The Role of the Hedge Fund Administrator

January 30, 2013

A hedge fund is a private investment fund that is managed actively and often a participant in multiple global markets investing in numerous investment instruments and following various strategies. [Read More]

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Welcome to a New Era for Fund Administrators

January 28, 2013

Unquestionably, we are now in a new era for fund administrators. Thanks to the financial crisis of 2008-2009, and the subsequent narrowing of the federal government’s policies and restrictions, the fund administrator has evolved from a behind-the-scenes role into a key contact for counter-party information and multiple set consolidations. [Read More]

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Form PF - Summary and New STP Service

January 14, 2013

Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act has resulted in the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) enforcing a new rule, that requires SEC registered investment advisers which are advising one or more private funds having regulatory assets under management at $150 million or greater to file Form PF. [Read More]

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STP Investment Services Attended the KPMG Alternative Investments Breakfast Seminar.

January 10, 2013

Presentations on the impact of AIFMD (Alternative Investment Managers Directive), SEC preparedness, and new CFTC regulations provided insight as to how investment managers can best position themselves in order to comply with an SEC examination, as well as how to keep up with and stay ahead of ever changing rules and regulations. Legal updates were discussed, addressing the effects of the JOBS act and "Pay to Play" rules. There was also a presentation on the changing landscape of post-election tax changes. A detailed review of emerging regulatory topics for alternative investment fund managers provided insight on how to strategically address such regulatory changes.

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Ralph Giraud was chosen as Volunteer of the Quarter for the CFA Society of Philadelphia's Newsletter.

January 1, 2013

Ralph Giraud has been able to obtain a diverse set of guest panelists for the society, helped increase attendance at CFAP Networking functions, as well as soliciting new applications for prospective new CFAP members. Ralph is also an active member of the Philadelphia Council for Business Economics(PCBE) and Washington (D.C.) Association of Money Managers (WAMM).

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STP Attended PWC Year End Tech Event.

December 6, 2012

The event included presentations on Hot Accounting Topics and Fair Value Updates; SEC & Corporate Governance Updates; Efficiency and Effectiveness in Governance, Risk and Compliance; Private Equity M&A Discussion; and several other industry related subjects.

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STP Investment Services attended the CFA society's downtown luncheon on Master Limited Partnerships.

November 29, 2012

Enterprise Products Partners CFO Randy Fowler spoke on the future of MLP’s as well as the future of the company. MLPs have generated market leading total returns in the past three, five, and ten year periods. STP continues to be a proactive service provider in the processing and administration of MLP securities and subsequent investment vehicles (e.g. funds, separately managed accounts).

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STP was a chosen as a case study for the New Ventures II class at the Penn State Great Valley School of Graduate Professional Studies.

April 19, 2012

The graduate student had the opportunity to perform market research on the pricing and marketing for Fund Administration and Investment Operations Outsourcing Services. With access to senior management at STP, including CEO Patrick Murray, the student was able to obtain real world experience that culminated in the presentation of findings and recommendations to the senior management team at STP Investment Services.

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Patrick Murray, President of STP spoke at the FENG New York, NY Chapter regarding Operational Risk, Task Management and Audit Control.

April 17, 2012

Patrick's speech focused on Operational Risk, Task Management and Audit Control. With primary focus on the investment team’s trading and investment activities, key operational processing, reporting and reconciliation of tasks are often ignored or overlooked. This commonly results in lack of operational control and oversight data silos and mismanagement, mission critical tasks slipping through the cracks, and a paper audit trail which can easily get lost in the shuffle.

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6 Steps to Implementing Operational Control

April 17, 2012

Enron, WorldCom, Lehman Brothers, AIG, Madoff, MF Global…
Due to disastrous events at companies like those listed above, increased regulation and strict compliance requirements for financial firms are here to stay, and will continue to change and grow more complex for years to come. [Read More]

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STP Investment Services attended MAHFA's 10th Annual Outlook for Hedge Funds in 2012 at Jasna Polana, in Princeton, NJ.

March 15, 2012

The objective of the Mid-Atlantic Hedge Fund Association (MAHFA) is to promote industry development and understanding among managers, investors, service providers and academics in the mid-Atlantic U.S. region. The association was established in 2002 as a non-profit corporation that offers a professional environment for constructive dialogue among members through educational programs, seminars, networking events and other services designed to facilitate communication within our regional hedge fund community.

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Patrick Murray, President and CEO of STP has been accepted to the Board of Directors at ITAG.

March 1, 2012

The Innovation Technology Action Group’s mission is to promote Information Technology, Communications, and Technological Processes, to all companies and individuals in Southeastern Pennsylvania.

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STP Investment Services website redesigned by our internal software team.

November 11, 2011

The STP Investment Services website has been redesigned by the software team at STP. The redesign put an emphasis on our core competencies and services we provide. Let us know if you like it!

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Patrick Murray was the featured presenter at the Chester County KIZ Board Meeting

October 26, 2011

Patrick Murray, CEO of STP Investment Services, was the featured presentation at the October 26th Chester Country KIZ Board Meeting. During the presentation and Q&A, Patrick discussed STP's vision and strategic direction, and how CCKIZ's vast resources can be of assistance to STP in the future. Due to its proximity in Chester County, Pennsylvania, STP Investment Services is now a member of the Chester County Keystone Innovation Zone. Selected KIZ companies are, Sparking Collaborations. Provoking Ideas. Creating Opportunities. Exploring Possibilities. Sharing Knowledge. Fueling Growth. [Read More]

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The Price is Right: "Straight Through Pricing" at its Finest

January 13, 2011

Managing pricing data and valuation of securities is a critical variable in successful investment accounting and performance measurement. Common practice is to outsource pricing related data to a respected vendor in the financial services industry such as Bloomberg, Reuters, and Interactive Data. [Read More]

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Featured in Fund Fire Article: "Managers Look for Help on Back-Office Ops."

November 10, 2010

More asset managers are hiring third parties to handle their middle- and back-office functions, as they redefine how they do business in the post-crisis environment. Managers of all sizes are outsourcing client reporting, performance reporting, compliance and trade operations in an effort to more fully focus on their core competencies. “We have seen the most growth in middle office outsourcing over the past year-and-a-half following the credit crunch. Anything post-trade execution is in play,” says Ben Keeler, director at Citisoft, a consulting firm that provides both business and technological expertise to investment management firms... [Read More]

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Keeping up with SAS No. 70

September 27, 2010

Benefits of a SAS No. 70 Report:

Builds trust with clients by proving controls over all processes
Independent review by a third party
Extremely thorough and unbiased opinion
Helps strengthen internal controls
Identifies procedural weaknesses or deficiencies that a business can improve upon [Read More]

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Simplify the Chaos

September 20, 2010

Fewer systems are better.
Fewer systems cost less.
Fewer systems are easier to upgrade.
Fewer systems have less to integrate.
Fewer systems are easier to understand. [Read More]

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Tools To Fuel Efficiency

September 13, 2010

Technology is a core focus at STP. We recognize that technology enables us to provide unmatched services to our clients. To ensure the best quality of service, we have integrated a number of software based tools to help improve our daily processes. These tools directly enhance our operational effectiveness, which in turn allows us to provide an exceptional client experience. [Read More]

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Trade Operations - It's all about Trust and Relationships

September 13, 2010

Author: Doug Ladley Title: Senior Trade Operations Specialist
An organized, efficient, and detail-oriented operations department is at the core of every successful investment advisory business. STP utilizes proprietary web 2.0 based systems as well as industry tools such as Bloomberg, Charles River, Omgeo CTM and Eagle Investment Systems to streamline the back-office process, eliminating manual procedures wherever possible. [Read More]

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Outsource with Confidence

September 13, 2010

Decision makers are often faced with the question of whether to make, buy, or outsource. Developing something from scratch provides control over functionality, but introduces maintenance costs and extensive time to develop and adequately test. [Read More]

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best place to work

STP selected as Silver winner for Best Places to Work.

August 30, 2010

The Philadelphia Business Journal is pleased to present the winners of our 7th annual Best Places to Work contest. The Best Places to Work program ranks the top employers in the Delaware Valley according to scores given to the companies by their own workers. Over the course of the summer, the Business Journal received hundreds of nominations from readers. Employees of nominated companies were then asked to complete an online questionnaire administered by Quantum Market Research, an independent surveying firm based in Wichita, Kan. [Read More]

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Philadelphia Business Journal Article : "STP Forestalls Headaches in Money Management".

August 26, 2010

Money managing is a hard enough job without having to worry about whether your computer system is properly accounting for it. That's the premise behind STP Investment Services, which Patrick Murray started in 2008 with help from Bermuda money-management firm he was doing consulting work for at the time.
[Read More]

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philadelphia business journal

STP's Chief Executive Office Profile Featured in Philadelphia Business Journal.

August 26, 2010

Title: President and CEO.
Company: STP Investment Services
Type of Company: Financial and Technology service provider.
Recent Project: We just completed Eagle Investment Systems Implementation, a financial and technology system for an international asset manager.[Read More]

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marketsmedia

STP Quoted in MarketsMedia article "Post-Trade Processing On Regulators' Radar".

July 29, 2010

In the wake of the May 6 ‘flash crash,’ which resulted in the cancellation of orders on a scale not seen previously, regulators are clamping down on trades that go bust, and asset managers are being required to do more to make sure their trades actually happen. “There will be tougher regulations, penalties, and demand for better practices around trade operations and settlement,” Patrick Murray, CEO of STP Investment Services, told Markets Media... [Read More]

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STP Quoted in MarketsMedia article "NYSE Trading Snafu Draws Fire".

July 30, 2010

A mistake that forced NYSE Euronext to cancel a number of trades in June recalls the events of May 6, in which orders were cancelled on a massive scale. The incident illustrates the fact that even supposedly automated markets are still subject to human failure, and this is likely to become a focus for regulators. “In a financial environment with an increased focus on regulation and a growing list of fines and penalties that directly impact the bottom line, controlled automation is critical for businesses to ensure the accuracy of data and to ultimately preserve income,” Patrick Murray, CEO of STP Investment Services, told Markets Media. “Both systematic and human controls should be put in place to ensure that data is timely, and most importantly, accurate.” STP provides middle-and-back-office services for investment advisers. [Read More]

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