Apex takes over Deutsche Bank’s alternative fund servicing unit
On October 19, 2017, fund administrator Apex Group announced the acquisition of Deutsche Bank’s Alternative Fund Services business (source finalternatives.com: Apex takes over Deutsche Bank’s alternative fund servicing unit) and earlier in the year, they acquired Equinoxe Alternative Investment Services. So, what does this mean for clients of Deutsche Bank and Equinoxe?
Well, large clients are usually well looked after but smaller clients may be left with a deteriorating service, an increase in fees or both. This is especially the case when private equity is involved (as is the case here) as the business now needs to meet certain financial metrics and their focus turns to rationalising costs and head-count.
For investment or hedge fund managers left looking for alternate service providers, Charter Group, with our focus on client service and a history of service excellence, is here and happy to assist. Contact us now.