July 7, 2016: Apex Fund Services today announced its biggest growth month in the firm’s history by taking on $2.7bn USD worth of new business in June 2016, 60% of which was converted from other fund administrators.
Apex Fund Services has delivered its largest month on record for new business since its establishment in 2003. The Apex Group has added 36 funds to its client base in June with an average fund size of $75m USD, demonstrating its position as one of the world’s leading independent fund administrators. This equates to a 7% increase in assets under administration (AuA) within the past month alone. The Apex Group has also moved into the top 20 fund administrators globally by two well respected independently verified industry surveys based on data prior to the June growth.
Peter Hughes, Founder & Chief Executive Officer, Apex Fund Services, said:
“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 over the past nine months 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.”
Rosie Guest, Global Marketing Director +44 20 3697 5362 [email protected]
About Apex Fund Services
Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest independent fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff, across 23 full service centres and an additional 10 sales offices. Apex now administers the investments of some of the largest funds and institutional investors in the world.
For more about Apex’s services visit our Homepage.
By clicking the button you confirming that you’re agree with our following Terms and Conditions