Crescent Hill Capital Management, a Singapore-based firm part of the Crescent Point Group, has selected Wells Fargo Global Fund Services to provide daily fund administration and a middle- and back-office operations solution for its Crescent Hill Asia Opportunities Fund.
The fund, which launched in July, is a long/short offering investing primarily in the Asia-Pacific region. Charles Stone, CIO and portfolio manager, previously worked at CastleBay and Galleon Asia.
Wells Fargo Global Fund Services is well-equipped to meet our needs given that its global footprint includes a dedicated Asia presence, Stone says. In addition, the team demonstrates a strong understanding of our strategy and administrative requirements which provides us confidence that they will be able to handle our future operational requirements.
Celia Choh, head of Fund Services Asia, Wells Fargo, adds: “We are pleased to have been selected by Crescent Hill Capital and look forward to a successful relationship with the firm.
Wells Fargo recently acquired LaCrosse Global Fund Services and now has $25 billion in assets under administration.
(CG)