US Expansion Continues with San Francisco Office Opening

San Francisco, CA - 25 October 2012

Apex Fund Services (“Apex”), one of the world’s largest independent fund administration companies, is pleased to announce the continued growth of its US activities with the opening of its San Francisco office.

The on-going expansion of the Apex Global Network around concentrations of fund managers meant San Francisco was the logical choice to base its West coast business development team. The San Francisco office will immediately begin promoting to local fund managers the fund solution services that Apex offers to all its clients globally.

The increasing regulatory burden has forced investment managers to spend more time on compliance and less on managing their portfolios and raising new investor money. Apex brings specific solutions to these US circumstances particularly to mid-sized funds adversely affected by Dodd Frank.

West coast managers will now be the next global jurisdiction to benefit from Apex’s front office software and technology, risk and reporting and full back office fund accounting and transfer agency services and specialist outsourcing middle office services.

In particular for managers on the West coast the Apex Emerging Manager’s platform, both on shore and offshore, now gives new funds a cost effective launch pad to assist their growth.

Apex has an ongoing investment programme in new technologies aimed at allowing investment managers to run their funds more efficiently and cost effectively. Apex’s whole range of technology services are focused on providing remote portfolio and risk management services, reducing costs, increasing transparency and freeing up investment manager’s time.

Over the last 12 months Apex Fund Services Ltd. grew more than 20%. With approximately 75% of the world’s alternative funds in the US and having over 4,500 funds, Apex expects its US offices will continue to capitalize on market opportunities.

Peter Hughes, Group Managing Director, Apex Fund Services Ltd., said: "Apex’s global footprint continues to make its mark on the international fund industry as we bring to bear our full range of fund administration products and services to the high concentration of investment managers in the San Francisco area.

“The geographical spread of the US fund industry requires Apex to make a significant commitment to the jurisdiction. With the scale of the market and its obvious demand for our technologies and turnkey services, we fully expect the San Francisco office to make a significant impact with local managers.

Alex Chapman, Head of Business Development – West Coast, Apex Fund Services (US), Inc., said: “We have recognised the growing needs of our managers to have the right partners to ensure their success. At Apex we cater for large, medium and small managers looking for a total fund solution service in the ever competitive funds arena where transparency and accountability are key differentiators in attracting capital.

“By working with Apex we deliver the transparency and independency that investors require from their managers.”

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