M&A activity in the fund administration space was again robust in 2015; Apex Fund Services acquired North American fund administrator Pinnacle Fund Administration during this time.
Apex Ranked in TOP 20 Hedge Fund Administrators
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Apex Reported in the TOP 2 fastest growing FoHF Administrators
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2016 Fund Administration Themes
Major themes for the fund administration business continue to revolve around financial regulatory regimes, industry consolidation, the migration of private equity firms toward outsourced fund administrators and technology led service improvements.
Apex’s private equity and real estate client base grew by 35% during this period. Through the establishment of 8 private equity centers of excellence in Singapore, Dubai, UK, USA, Luxembourg, Ireland, Mauritius and Uruguay, Apex now offers specialist teams delivering services to private equity and real estate managers on a global basis. Extensive experience in all sectors of the fund market ensures Apex can cater to clients across all asset classes and geographies.
Private Equity & Real Estate Funds
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UCITS Compliant Hedge Funds
Apex saw the largest growth in UCITS compliant hedge funds at 16% whilst many other administrators UCITS business declined.
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Conclusion
The eVestment survey concludes that competition in the industry will reinforce the need for product innovation within fund administrators. Perhaps equally as important though, is the ability to deliver a true cross-border solution to fund managers as they increasingly look to invest in new markets. This capability has meant that 50% of Apex’s new business can be attributed to converting clients from other administrators.
