Services announces this week that it won the award for Best Fund Administrator – Hedge Funds at the MENA Fund Services Awards 2015 in Dubai. Not only did Apex win this award it was listed as highly commended in the categories of Best Fund Administrator – Mutual Fund and Best Fund Administrator – Sharia Compliant Funds; this is the third year in a row Apex have taken home an award.
According to a recently released PwC report, Asset Management 2020: A Brave New World, global assets under management (AuM) are predicted to rise to around $101.7 trillion by 2020 representing a compound annual growth rate (CAGR) of nearly 6%. The report also finds that AuM in South America, Asia, Africa and Middle East economies are poised to grow at a faster rate than in the developed world in turn creating new pools of assets that can potentially be utilised by the asset management industry.
With this in mind, winning the MENA award for Hedge Funds firmly solidifies Apex’s existing reputation for local presence and support in these important and emergent jurisdictions. Apex has been locally present in the DIFC for over a decade and continues to serve managers situated there with a full suite of administrative, back and middle office support services surrounded by additional value products from information delivery to capital introductions.
This MENA award announcement comes in quick succession to Apex’s triumph at the Hedge Fund Review Service Providing Ranking 2014, as voted for by managers, where Apex won the Most Favoured Fund Administrator – FOHF ahead of the likes of Citco, JP Fund Admin, State Street, BNP Paribas Securities Services, and second for Most Favoured Fund Administrator – Single Managers.
The continued accomplishments and growth of Apex Group firmly secures its place as THE independent administrator of choice for asset managers globally.
With 34 offices in 26 countries, more than any other fund administrator, Apex continues to expand its global client base and exceed client expectations. This global service model delivered locally further verifies Apex’s position as a key administrator at a time when a new type of manager begins to emerge. Asset Management 2020: A Brave New World states that; “2020 will see the emergence of a new breed of global managers… economies of scale will become paramount [and] as a result some of today’s large global managers, as well as a handful of alternative managers, will become mega-managers with a foot in all geographies and channels.”
As the asset management community expands so too does Apex. Now servicing over 1000 funds with a consistent annual increase in AuA over the past 11 years Apex continues to strive for innovation in service and remains steadfast in its founding principles of working with managers locally and enabling them to access the wider world through Apex.
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