Apex Fund Services Bermuda, Hamilton

"Latin America is a growth area and this may be an alternative market that managers could tap into."

The office in Bermuda is one of the largest Apex offices and was opened in September 2003. Since then the region has seen a moving away by the service providers to larger outsourcing centres in Canada where services can be commoditised. Bermuda now only has a few administrators focusing on providing efficient tailored services to clients. Of these Apex is the largest.

With its low tax environment, efficient regulation, an attractive lifestyle, world-class service providers and the convenient location between the US and Europe, Bermuda is well positioned for further growth.

Apex has made sure that the service it delivers is tailored, responsive and its systems are strong with a fully integrated accounting platform and web-portal.

We can provide middle office support and management accounting to asset managers that decide to relocate to Bermuda for the tax benefits and minimize the operating costs of their infrastructure.

The current lack of liquidity in the global markets makes it very difficult for asset managers to grow their businesses at the moment and Apex continually looks to help its clients. Apex is currently advising its clients on how to set up segregated cell funds which give fund managers maximum flexibility to grow their asset management businesses while keeping costs to a minimum.

(regulated by the Bermuda Monetary Authority)