Apex acquires Bermuda-based administrator to boost hedge fund coverage – Global Custodian – The Leading quarterly magazine covering the international securities services industry
Apex Group has made another purchase in the fund administration space with the announced takeover of Bermuda-based Beacon Fund Services. The acquisition will also include Beacon Corporate Services and Beacon Management, increasing Apex’s assets under administration (AuA) by $10 billion. The addition takes its AuA total to $610 billion.
