Opus Buys Agile Admin. Unit

Oct 27 2011 | 6:39am ET

Hedge fund administrator Opus Fund Services has expanded its operations on the U.S. West Coast with the acquisition of San Francisco-based Agile Hedge Solution's administration arm.

Terms of the deal were not disclosed, and Agile's team will continue to work with Opus as consultants. Opus already has a San Francisco presence, in addition to its Bermuda headquarters and an office in Chicago.

"Working with the Opus platform will greatly benefit our administration clients who will enjoy the expanded institutional quality service, together with the greater resources Opus can provide," Agile President Nicholas Castoria said. "This will allow Agile to focus on its core business, providing industry leading outsourced CFO consulting service to its current and future clients."

"We are excited to continue the rapid growth of our west coast presence with this transaction," Opus' San Francisco chief, Greg Knapp, said. "The expansion of our San Francisco office is one of our core strategies, and shows the importance that Opus has placed on the West Coast marketplace."

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