New Managers
April 2013
Servicers' Spot - Apex Fund Services launches free office facilities and fund incubation servicesThalius Hecksher Apex Fund Services, a large independent fund administration company, announced in March the launch of its free office facilities and fund incubation services to fund managers looking to start a new fund. The new office facilities service forms part of a new division called Apex Emerging Manager Incubation Services (EMIS). As well as office facilities, EMIS offers free advisory services regarding fund structure, jurisdiction selection, launch platforms, cloud hosting, broker networks, administration and, via Apex Technologies, Order Management and Portfolio Management Systems. EMIS will be managed by Bill Wiggin who is a Member of Parliament in the UK and has over 13 years financial services experience. "Up to 75% of all new fund launches fail, a statistic that is far too high and Apex's EMIS has been launched to turn the tide and ensure more fund managers succeed," Wiggin said. "Over the last period, we've noticed that there is a growing number of emerging managers coming to the market; it's what I call the new phenomenon of Wall Street, the emerging managers," Thalius Hecksher, Apex' Global Head of Business Development, told Opalesque in an interview. "In the US, a lot of very smart guys are coming to market with family and friends' money to launch hedge funds. We're also seeing a knock-on effect from the JOBS Act which changes will be encouraging hedge fund launches. The JOBS Act is a catalyst in the emerging managers' space. And across Europe, a lot of people are losing their jobs, and looking to launching their own business." Apex looked...................... To view our full article please login
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