A Bermuda-based fund administrator has won a top European award.

Equinoxe Alternative Investment Services won ‘Best Administrator for Client Service under $30 billion’ in the HFMWeek European hedge fund services awards.

Equinoxe founder and CEO Stephen Castree said: “These awards are a testament to the commitment to excellent client service and delivery that we pride ourselves on at Equinoxe.

“Our managed growth strategy and increasing global presence has recently seen Equinoxe surpass $20 billion in assets under administration and it is very gratifying to note that this growth has gone hand in hand with such positive client recognition for excellent client service.”

Alan McKenna, global head of product development, added: “In addition to this recognition for excellent client service, we have seen our institutional asset manager services develop strongly, leading to the creation of the Equinoxe Solutions group.”

Equinoxe Solutions is designed to provide an institutional technology platform in combination with back and middle office reporting.

Mr Castree said: “Coming on the heels of our successful insurance-linked securities product offering with over $3 billion in assets under administration already, we believe that the immediate response to, and success of, the Equinoxe Solutions offering, which itself has swiftly garnered over $3 billion in assets under administration, clearly demonstrates our commitment to continued product innovation.

“We are confident that Equinoxe will be able to provide tailored solutions to some of the largest and most complex investment managers, whilst retaining the highest levels of client service and controlled growth which have been the cornerstones of our success to date.”

Equinoxe was founded in 2007 and has offices in Ireland, Malta, Atlanta, Mauritius and Singapore and has more than $20 billion in assets across 195 funds.