Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Peter Hughes, Apex Fund Services

11619

Apex wins USD1bn client following UK approval to service authorised funds

RELATED TOPICS​

WAY Fund Managers, the UK provider of fund hosting services to the wealth management sector, has selected Apex Fund Services to service all of its 47 funds with combined assets under management of over USD1bn.



Having received UK regulatory approvals, Apex is one of a few global fund administrators with the capability to provide services to UK managers with both UK authorised and offshore funds in the same location.

As part of a collaboration agreement, Apex and WAY Fund Services are to begin cross selling each other’s services. Apex will introduce clients to WAY Fund Managers’ platform and at the same time offer its Order Management System (OMS) and Portfolio Management System (PMS) technologies to WAY clients.

Peter Hughes (pictured), managing director, Apex Fund Services, says: “We are delighted to be working with WAY Fund Managers. Their decision to appoint Apex reflects our willingness to pledge significant resources to develop specialist systems and acquire both accounting and administration expertise to ensure our clients’ needs and requirements are always fully met.

“The Apex Total Fund Solutions model offers fund managers an alternative from paying too much for poor service levels and an opportunity to work with a trusted advisor that has a commitment to providing its clients with personalised products and services at realistic prices.”

Peter Hugh-Smith, chief executive, WAY Fund Managers, says: “After several years where the large administration companies had a stranglehold on the market, there are now a number of new and innovative administrators offering advanced, contemporary services into the marketplace.

“Apex is one of these firms and we look forward to benefiting from their personal and efficient team, as well as exploring opportunities to grow our businesses together.”

Latest News

Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds..
EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by