Opus onboard 30 new funds in Q2 21 July 2020Dublin Reporter: Rebecca Delaney
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Opus Fund Services onboarded 30 new funds across 23 client relationships during Q2 2020, according to its new quarterly update.
The global fund administrator saw new client activity particularly in traditional hedge fund strategies, which made up 78 percent of its onboarding in Q220, with the remaining 22 percent concentrated in private equity.
At the end of the quarter, Opus now has 613 funds managed on its platform from over 370 client relationships, with 63 new funds planned to launch in Q3.
Opus also highlighted its early net asset value (NAV) delivery in the last three months during the ongoing COVID-19 pandemic, with 81 percent of reviews completed before the contractual deadline.
In the update, Opus announced the upcoming launch of Symphony 3.0, the newest version of the client portal.
The updated version will provide clients with a new Launch Pad to streamline information through a master dashboard, quick button links for easier navigation, and improved intuitive design.
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Image: Sergey Nivens/Shutterstock 