Crescent Hill Capital Management, a Singapore-based firm and part of the Crescent Point Group, has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution for its Crescent Hill Asia Opportunities Fund.
The fund launched in July 2012.
The maiden fund is structured as a long/short offering investing primarily in the Asia-Pacific region.
Chief investment officer and portfolio manager Charles Stone worked previously at CastleBay and Galleon Asia.
“Wells Fargo Global Fund Services is well-equipped to meet our needs given that its global footprint includes a dedicated Asia presence. In addition, the team demonstrates a strong understanding of our strategy and administrative requirements which provides us confidence that they will be able to handle our future operational requirements,” says Stone.
"We are pleased to have been selected by Crescent Hill Capital and look forward to a successful relationship with the firm,” says Celia Choh, head of fund services Asia at Wells Fargo Global Fund Services.