EURO ARAB BANKING & FINANCE GUIDE INTERVIEWS PETER HUGHES

Apex was one of the first fund administrators to launch in the Middle East eight years ago, its CEO and Founder talks about how Apex’s offices in Bahrain, Dubai and Abu Dhabi are supporting the increasing fund industry in the region and the growth of the private equity sector in Saudi Arabia. Peter Hughes,  the…

FUND ADMINISTRATORS FOCUS ON FATCA

John Bohan Managing Director of Europe & Middle East carried out the following interview with MarketMedia.com The Foreign Account Tax Compliance Act (FATCA) entails massive work for hedge funds. FATCA compliance can be categorized broadly into four main areas: classification, registration, investigation and reporting, according to John Bohan, managing director, Europe and Middle East, for…

FIGHT COMPETITION – “EXECUTIVE Q&A: MARGINS AND DEMANDS”

Funds Europe is the business strategy magazine for Europe’s asset management professionals. It covers all areas of the asset management business – institutional and retail markets, traditional and alternative investments, front and back – office – providing essential insight into the European opportunity. In this month’s edition executives including Peter Hughes, Apex Fund Services CEO…

APEX LAUNCHES WORLD’S FASTEST HEDGE FUND VALUATION SERVICE

Apex Fund Services is pleased to announce the launch of its three hour hedge fund net asset valuation (“NAV”) reporting service called Tzero, giving fund managers the world’s fastest portfolio valuation service. The Tzero service will leverage Apex’s real-time portfolio management product Apex Vision giving managers access to a powerful reporting tool that can accommodate…

Apex Funds Abu Dhabi

APEX RECEIVES ESCA LICENSE

The UAE Securities and Commodities Authority (Esca) in Abu Dhabi has granted Apex Fund Services (Abu Dhabi) a license to provide fund administration services under the regulator’s new rules. The new regulations set out the detailed requirements for the establishment and distribution of UAE domestic funds, and formalises the transfer of responsibility of regulatory supervision…

ABU DHABI LICENSES FIRST ADMINISTRATOR UNDER NEW REGS

The United Arab Emirates Securities and Commodities Authority (ESCA) in Abu Dhabi has granted Apex Fund Services a licence to provide fund administration services under the authority’s new regulations. The new regulations set out requirements for creating and distributing UAE domestic funds. It also transfers regulatory supervision responsibility from the UAE central bank to ESCA.…

TIME IS TIGHT FOR FFIS TO PREPARE FOR FATCA COMPLIANCE

From an Article by Karen Wallace, Global Head of Compliance Apex Fund Services, that appeared in Hedge Fund Insight. The IRS on-line registration portal went ‘live’ on 1 January this year and Foreign Financial Institutions (“FFIs”) should now be preparing to register with the IRS to obtain a Global Intermediary Identification Number (“GIIN”). FFIs must register…

APEX OPENS JERSEY OFFICE AS FUND LAUNCHES IN CHANNEL ISLANDS RISE

Apex Fund Services, one of the world’s largest independent fund administration companies, announces the opening of its Jersey office and expansion of its presence in the Channel Islands. Jersey, together with other Channel Island jurisdictions, has experienced significant growth in its fund servicing industry and in Jersey alone the sector is valued at approximately $350…

A JERSEY PRESENCE, QUORUM INTERVIEWS JOHN BOHAN

We always hope that reputable international financial services organisations thinking about re-domiciliation or a new presence will seriously consider Jersey. Determining how soon in that process ‘Jersey’ will appear as a real option rather depends upon where the inquirer is based.  There are key decision makers in some jurisdictions actually quite close to home who…