SafeGuard picks Apex for fund administration 07 February 2023US Reporter: Lucy Carter
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SafeGuard Asset Management (SafeGuard) has appointed Apex Group as fund service provider to its CORE ONE fund.
Apex will provide fund administration and accounting, transfer agency and compliance solutions to the fund.
The CORE ONE fund aims to outperform the S&P 500 Index, offering lower volatility to clients. Assets are allocated across three strategies through a proprietary model, namely the S&P 500 Index, a futures overlay strategy and the S&P 500 Index. These offer capital appreciation, diversification and downside protection, respectively.
Using Apex’s tech-enabled solutions, SafeGuard will be able to fulfil its operational and regulatory operations “from fund launch to daily operations,” Apex says.
Jessica Chase, director of mutual funds at Apex, comments: “We are excited to be supporting the launch of SafeGuard’s CORE ONE Fund by delivering fund services and compliance advisory to ensure the efficient operations and compliance of the fund from day one. Our single-source solution will allow SafeGuard to focus on implementing and scaling their bold new investment model which looks to redefine long-term investing and generate robust and consistent returns for investors.”
In a joint statement, Gary Kleinschmidt, CEO and Joe Gabor, president and chief information officer for SafeGuard, add: “The more we learned about Apex, the more we came to appreciate its culture — especially the team’s dedication and commitment to understanding our complex strategy. They always kept the lines of communication open and ultimately proved that they had the experience, expertise and tenacity needed to see our fund to launch.”
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