Opalesque Industry Update - IDS Group (IDS), the global specialist investment administrator, has partnered with LC Abelheim (LCA), a Mauritian based Management Company to offer fund administration to the Indian Ocean region. |
Together IDS and LCA will be able to offer 3rd party fund administration services of an international standard. IDS uses the Pacific Funds Administration system and has an excellent reputation for providing services for hedge funds and other specialist investment funds.
Ian Hamilton, Chairman of IDS Group says: “Mauritius is a natural expansion market due to its strong links with the eastern markets, its healthy financial market successes and strong business ethics. Mauritius has an attractive administration market due to the lack of many international specialists and the local industry not utilizing specialist administration systems intensively. Mauritius being only 3 hours ahead of Europe makes it easy to do business with Africa and Europe. Its growing offshore centre holds a wealth of opportunity within the specialist administration sector. “
Aziza Moraby, Managing Director of LCA is delighted to be able to offer a world class service to Mauritian and international clients with the support of IDS: “We are off to a good start with fifteen funds from Skybound, a client of LCA. This is a good foundation for a solid business. We expect strong demand for the services offered as this is a highly professional offering that utilizes best global practices thereby ensuring that the more rigorous demands of investors in the post Madoff era are satisfied.”
The IDS Group is in the process of expanding their international footprint and has offices in South Africa, Malta and the UK. Corporate website:Source