Apex extends Marlin Capital pact
Apex Group Ltd, the global financial services provider based in Bermuda, has extended its existing partnership with Marlin Capital Partners to provide fund administration and accounting services to its latest fund Marlin RSP.
Marlin is headquartered in Nassau and is licensed and regulated by the Securities Commission of The Bahamas to offer advisory services and manage assets on a discretionary basis.
Marlin RSP was launched in February, representing a 70 per cent growth in the firm’s assets under management to target discrete market opportunities created by short and long-term inefficiencies.
Apex said Marlin RSP had wide freedom to target investment opportunities across varying asset classes. Apex Group will provide fund administration, middle office, business services and compliance services for Marlin RSP.
This extends Apex’s existing partnership with Marlin, having been appointed in 2021 to provide outsourced management company, middle office and fund administration services to the Marlin money market fund.
Apex Group’s single-source solution encompasses a wide range of services under one roof, enabling clients, such as Marlin, to create efficiencies, reduce costs and improve controls by outsourcing the back, middle and front-office operational framework.
The company said a recent Total Economic Impact report by Forrester Consulting found that on average, clients of Apex Group’s single-source solution, achieved a return on investment of 105 per cent and cost benefits of $5.39 million, with a net present value of $2.75 million over a three-year period.
Jason Meklinsky, head of business development, Americas at Apex Group, said: “We are pleased to announce our continued relationship with Marlin Capital Partners – with this appointment to service their latest fund a ringing endorsement of the quality of the work undertaken by our team to date.
“We look forward to continuing to work with the Marlin team on this and future funds, allowing them to focus on delivering performance and growth, while our experienced experts provide the resources to ensure greater operational efficiency.”
Richard Heathcote and Zachary Lyons, partners at Marlin, added: “We value Apex Group’s experience and ability to meet our funds’ outsourced service requirements through their single-source solution.
“Our latest fund launch represents a 70 per cent increase in assets under management and so it is important that our service provider can scale with our business.
“We are now able to access all the fund administration, middle office, business and compliance services we require through one convenient and efficient relationship. We continue to be impressed by the level of client service we receive and the knowledge of the team.”