Warwick Capital Partners, a London-based investment manager with approximately $800 million of assets under management, has appointed Wells Fargo Global Fund Services to provide daily fund administration and outsourced middle- and back-office operations solution for its latest fund.
Warwick has had a relationship with Wells Fargo Global Fund Services for three years, says Matthew Coleman, COO of Warwick.
Coleman says the investment manager chose Wells Fargo due to its expertise in administering credit strategies and because its outsourced operations team is able to support performing and distressed credit instruments throughout the trade lifecycle, which would help the firm scale its business.
"We have developed a strong relationship with Wells Fargo over the last three years, and this further enhances our partnership," Coleman says.
Rob Helszajn, head of European Business Development for Wells Fargo Global Fund Services, says: "Warwick Capital's decision to award us this new mandate demonstrates Wells Fargo's strength in the marketplace as the firm of choice for credit-oriented managers."
Wells Fargo administers more than $250 billion in alternative assets and offers services including administration, middle office, operations and cash and collateral management to alternative investment managers.