Apex acquires Pacific Fund Systems
Apex Group has acquired Pacific Fund Systems (PFS), a provider of fund administration software, with the aim of acting as a single-source provider across funds’ entire lifecycle for both new and existing PFS clients.
The acquisition marks the latest development in the companies’ existing partnership, which previously saw Apex gain access to the PFS-PAXUS platform. This new step should expand the platform’s use by enhancing the delivery of portfolio accounting, as well as fund and investor reporting.
Peter Hughes, founder and CEO of Apex, commented: “Bringing PFS-PAXUS into the group will help us to continue exceeding client expectations by delivering a single-source solution that improves administrative efficiencies, implements essential controls and manages our clients’ operational risk.”
“My team and I are looking...
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