The deal increases Apex’s AuA to $560 billion, after completing the onboarding process of Deutsche Bank’s Alternative Fund services business in June.
Tag: hedge fund administration
ExodusPoint Capital Management was described as the largest start-up fund of all time when it went live at the start of summer.
The French bank has identified hedge funds as a key growth target over the past year, being one of a small group of remaining bank-owned hedge fund administrators.
The creation of the new unit comes one month after Northern Trust closed its acquisition of the Omnium technology platform from Citadel.
Trident Trust and Theorem Fund Services have gone live on the crypto back-office platform, with Apex Fund Services and North Street Global among those onboarding clients.
Private equity assets under administration increased 18% to $2.5 trillion over 2017, more than hedge fund, fund of funds and real estate assets.