Apex launches new systems
Apex Fund Services, one of the world’s largest independent fund administration companies with a large office here in Bermuda, has launched Apex Trade Manager, its order management system (OMS) and Apex Vision, its portfolio management system (PMS).
Both systems are to be offered to any fund manager using Apex’s services and also as a separate service.
Apex Technologies, a wholly owned division of Apex Fund Services, has been formed to offer fund managers a complete suite of technology solutions and third party services including the OMS and PMS systems.
Apex Technologies is partnering with leading organisations including Linedata, Pacific Fund Systems, Lazorne, Statpro, Newedge, Knight, RJ O Brien, EFG Hermes and Global Prime Partners.
The new OMS and PMS services are fully integrated with Apex’s existing fund launch platforms, fund administration servicing and middle office functions. Apex now provides fund managers with seamless services ranging from pre-trade compliance, trade execution and portfolio management, right through to NAV, risk and UCITS reporting.
“The launch of Apex’s OMS and PMS service is set up for two reasons,” said Peter Hughes, managing director, Apex Fund Services Ltd.
“Firstly, to allow asset managers an affordable tool to ensure they meet the investable criteria of institutional investors. Secondly, to enable faster risk and performance reporting to our clients and their investors. Both products will be available to existing clients and potential clients across the globe via Apex’s 29 international offices.
“The launch of the PMS and OMS systems strongly positions Apex as the ultimate ‘Total Fund Solutions’ provider, offering a complete and seamless range of fund services.”
Paul Spendiff, Managing Director, Apex Technologies Ltd, added: “Apex Technologies has the capability to offer best in breed solutions that solve IT operating needs, develop broker relationships, provide front, middle and back office operating systems and, at the same time, give access to leading pre and post trade compliance services.
“In order to attract institutional investors and satisfy increasingly stringent regulators, fund management companies need to be using proven technology and systems that ensure that operationally, they meet all risk criteria.
“Apex can now provide its clients with these capabilities, enabling them to focus on generating investor returns.
“Apex Vision is a powerful and market leading portfolio management system offering fully scalable real-time portfolio management, with detailed reporting tools that is equally adept for a $5m hedge fund or a $3bn fund manager or family office. Because it is fully integrated into the Apex fund accounting platform, Apex can now deliver true straight through processing and web reporting.”