Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

Apex sees record growth in June

Related Topics

Apex Fund Services has seen its biggest growth month in the firm’s history by taking on USD2.7 billion worth of new business in June 2016, 60 per cent of which was converted from other fund administrators.

The Apex Group added 36 funds to its client base in during the month with an average fund size of USD75 million. This equates to a 7 per cent increase in assets under administration.
 
Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “We’ve faced a tough time as an industry over the past twelve months, with the last month (June 2016) being particularly challenging throughout global markets following the Brexit vote. During this difficult time the combined efforts of the Apex Group’s dedicated administration teams across the globe means we have been able to continue to add 287 funds to our business as well as delivering a record month of new business in June, the majority of which has come through converting clients from our competitors.
 
“The team’s ability to provide global solutions in support of asset managers in challenging markets, has meant we are proving our position in the market as the first choice independent administrator on a global basis.”

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured