Tuesday, 31 March 2015
Last updated 10 sec ago
Feb 22 2011 | 8:13am ET
UK-based Apex Fund Services, a global fund administration business, has opened an office in the Cayman Islands.
The office has been established by Alric Lindsay, formerly an investment funds attorney with Maples and Calder and Ogier. Lindsay continues to act as an independent party, advising Apex on the growth of the business and working with Apex group managing director, Peter Hughes, and Apex employees Rayal Bodden and Shane Edwards.
Said Hughes, “Apex continues to grow rapidly as we support an increasing number of investment managers located all over the world. Apex already has over 220 funds registered in the Cayman Islands that it provides administration services making the opening an office an obvious choice for the next step of our global growth strategy.”
Apex has a staff of 190 and $16 billion in assets under administration. Its client base consists of hedge fund, long only and private equity managers, ranging in size from start-up operations to global businesses.
The company says the new office is part of its strategy of “giving fund managers access to all of the world's financial centers and providing the full suite of Apex’s fund administration services via its network of global offices.”
Apex is licensed to provide the following services in the Caymans: independent directors, local directors, Apex directors, corporate secretarial services and registered office services.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…