Modus Asset Management, a Hong Kong-based investment manager, has selected Wells Fargo Global Fund Services to provide daily fund administration and a comprehensive outsourced middle and back office operations solution.
“Wells Fargo Global Fund Services is well-known for its expertise in administering equity long-short strategies,” says Modus’ Chief Investment Officer Yeeman Chau. “In addition, the outsourced operations team is able to support the full range of back office activities in our portfolios throughout the trade lifecycle, which helps us scale the business in a controlled manner. We have developed a strong relationship with Wells Fargo this past year and we look forward to further enhancing our partnership.”
"Modus’ decision to award us this new mandate demonstrates Wells Fargo’s strength in the marketplace as the firm of choice for equity fund managers," says Celia Choh (pictured), Wells Fargo Global Fund Services’ Senior Vice President, Regional Head of Fund Services, Asia.
Wells Fargo Global Fund Services provides comprehensive administration, middle-office, operations and cash/collateral management services to alternative investment managers. Wells Fargo administers more than $250 billion in alternative assets, covering a wide range of strategies traded by global portfolio managers including fixed income, credit, distressed, structured credit, macro, equity, commodities, CDO, CLO, private equity, private debt, real estate and hybrid structures. Global Fund Services work processes follow the sun through its global network of offices in Dublin, Hong Kong, London, New York, Minneapolis and Singapore.