Asian Hedge Fund Names Wells Fargo for Fund Administration

Singapore-based investment manager Asia Capital & Advisors has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle- and back-office operations solution to its new Asia Dorset Fund.
By Jake Safane(2147484770)
Singapore-based investment manager Asia Capital & Advisors (ACA) has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle- and back-office operations solution to its new Asia Dorset Fund.

The fund, launched on August 8, 2014, is a Cayman-incorporated hedge fund that focuses on investing in listed equities of small to mid-cap companies in developing Asian markets.

In addition to fund administration, Wells Fargo’s fund services include confirmation, settlement and break-resolution, among others.

“Wells Fargo Global Fund Services is well known for its expertise in administering funds for managers in the Asian markets,” says Mathew Welch, the founder of the Asia Dorset Fund. “We will invest in equities and bonds, as well as other instruments and Wells Fargo really impressed us as being positioned to meet the full range of our requirements.”

«