Modus goes with Wells Fargo for fund administration

Hong Kong based investment manager Modus Asset Management has chosen Wells Fargo global fund services to provide its fund administration.

Providing comprehensive administration, middle office and operations services to alternative investment managers, Wells Fargo has administered more than $250 billion in alternative assets covering strategies including fixed income and structured credit.

“Wells Fargo Global Fund Services is well known for its expertise in administering equity long-short strategies,” said Modus’ chief investment officer Yeeman Chau.

“In addition, the outsourced operations team is able to support the full range of back office activities in our portfolios throughout the trade lifecycle, which helps us scale the business in a controlled manner.”

Celia Choh, Wells Fargo Global fund services’ senior vice president, regional head of fund services, Asia said, “Modus’ decision to award us this new mandate demonstrates Wells Fargo’s strength in the marketplace as the firm of choice for equity fund managers.”