Apex Reports 40% Growth and Amplitude Capital Client Win

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Apex Fund Services is pleased to announce that it is to provide administration services to off-shore funds managed by Amplitude Capital. Amplitude manages assets of over $1.5 billion with operations in Switzerland, UK and the Cayman Islands.

Amplitude Capital is one of a number of recent appointments won by Apex. Growth rates at Apex have increased significantly with regards to the number of funds it services (up by more than 40% over the last 12 months) and assets under administration (AUA) which has increased by over 40% to more than $45 billion. Apex has always had particular strength in new fund launches however an equal proportion of the growth at Apex has come from winning mandates from managers with assets under management in excess of $1 billion, including Amplitude Capital.

Commenting on the rapid growth rates at Apex, Bill Salus, Global Chief Executive Officer said:

“Apex has experienced rapid growth across many of its geographical areas over the last few years. The importance of working with an independent administrator with physical representation in over 26 countries is now being fully recognized by managers all over the world.

Being able to offer entirely impartial advice from highly experienced teams in all of the world’s major financial centers is at the heart of the Apex high service levels. I would like to welcome Amplitude Capital and all of our new clients as we make the same service commitment to them as our existing clients.”

John Harrison, Group CFO, Amplitude Capital Commented:

“Our decision to appoint Apex UK to manage our administration requirement was down to the willingness within the organization to provide Amplitude Capital with a personalized and highly tailored service from a dedicated team, something often overlooked by administration businesses. In this fast changing environment, managers need more than simple ‘off the shelf products’. We were attracted to Apex’s flexible approach and look forward to a close working relationship.”

Media Contact: 

Rosie Guest, Global Marketing Director
Tel:      +44 (0) 203 697 5362
Email:  [email protected]

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