Milestone Group has been awarded an FTF Gold Standard Award for Best Operational Risk Management Solution.

The award highlights the company’s position as an industry pioneer for automating efficient and independent fund oversight processes for asset managers and asset owners. Having accurate oversight has become imperative as the SEC continues to ramp up its surveillance of this segment of the market. Fund treasurers and compliance groups within these firms know the importance of independently overseeing calculations on funds daily, by monitoring expected results as compared to the third party administrator. The most recent addition to the Milestone Group Fund Oversight solution suite, Expense Cap Management (ECM) allows for deeper granularity and control in performing these checks, without added cost or infrastructure.

Marlena Fitts, Product Management and Marketing Leader at Milestone Group, said: “As regulatory interest mounts, asset managers internationally are setting the standard when it comes to the oversight of their outsourced providers. Across the US, we are seeing more and more fund managers focusing on ramping up and automating their own oversight capabilities.”

Fitts concluded: “We are in the best position in the market to service expanding fund oversight needs and will continue our mission. The adoption of our Fund Oversight Expense Cap Management solution confirms our commitment to continuing to meet the operational needs of fund treasurers, and leverages our globally proven pControl technology platform.”