Singapore-based hedge fund manager Lighthouse Canton has selected Wells Fargo Global Fund Services to provide daily fund administration for the LC India Market Neutral Fund.
The fund launched in August 2015 as a fully hedged version of the SageOne India Growth Fund, a long-only, absolute return India fund that is also a Wells Fargo Global Fund Services client.
"This is the third fund of Lighthouse Canton for which Wells Fargo Global Fund Services provides administration and middle and back office support throughout the trade life cycle, which helps us scale the business in a controlled manner. We have developed a strong relationship with Wells Fargo since our inception last year and this further enhances our partnership," says Lighthouse Canton Chief Investment Officer and Managing Director Rajesh Sundaresan (pictured).
"Lighthouse Canton’s decision to award us this new mandate demonstrates Wells Fargo’s strength in the marketplace as the firm of choice for global hedge fund managers," says Celia Choh, head of Fund Services-Asia for Wells Fargo Global Fund Services.
