Horseshoe Fund Services has been voted Best Offshore Fund Administrator in the prestigious HedgeWeek USA Awards 2018.

The award for the fund services division of Bermudian-based Horseshoe Group recognises excellence among hedge fund managers and service providers around the world and is based on a rigorous peer review survey of the publication's readership.

HedgeWeek reaches a global audience of fund managers, institutional and high-net-worth investors, service providers, and other industry professionals — all of whom are invited to nominate and elect “best in class” in a series of categories via an online survey.

Brian Desmond, Horseshoe's head of fund services said; “It is very gratifying to be recognised by our peers as one of the top-performing fund administrators in this industry, and we are very grateful to all of the respondents who voted for us. The award truly reflects the professionalism of our staff and Horseshoe's core ethos of providing best-in-class service to our clients.”

Andre Perez, chief executive officer of Horseshoe Group described the award as “a testament to the diligence and hard work of our dedicated and talented staff”.

He added: “Together, we will continue to grow our fund administration business and focus on providing a solutions-oriented service to our valued clients.”

A delegation from Horseshoe was on hand to accept the award at a ceremony in New York last week.