KAR selects Apex for Australian fund services
16 December 2022 Australia
Image: Zstock
Kayne Anderson Rudnick Investment Management (KAR) has selected Apex to service its Australia-based Global Small Cap Fund.
Apex will provide improved transparency, operational efficiency and simplified day-to-day investment management tasks for KAR’s clients. The company will also support KAR’s independent custody services.
As of September 30 2022, KAR holds more than $45 billion in assets under management and offers a range of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-net-worth clients.
Steve Rigali, chartered financial analyst at KAR, comments: “[Apex’s] single-source model allows us to access the fund services and custody solutions that we require. The convenience and efficiency of contracting with a single, local team in Australia is important to us. Apex’s global reach and cross-jurisdictional experience offers the ability to support our business needs in Australia in a scalable manner so that we can focus on seeking attractive returns for our investors.”
Nick Bradford, head of business development for Australia and New Zealand at Apex, says: “We are delighted that KAR will benefit from the provision of our single-source solution, encompassing fund administration, transfer agency and custody services for their funds.
“We are seeing a growing trend of global investment managers launching new funds and fund vehicles onshore in the Australia market, broadening available investment strategies.”
Apex will provide improved transparency, operational efficiency and simplified day-to-day investment management tasks for KAR’s clients. The company will also support KAR’s independent custody services.
As of September 30 2022, KAR holds more than $45 billion in assets under management and offers a range of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-net-worth clients.
Steve Rigali, chartered financial analyst at KAR, comments: “[Apex’s] single-source model allows us to access the fund services and custody solutions that we require. The convenience and efficiency of contracting with a single, local team in Australia is important to us. Apex’s global reach and cross-jurisdictional experience offers the ability to support our business needs in Australia in a scalable manner so that we can focus on seeking attractive returns for our investors.”
Nick Bradford, head of business development for Australia and New Zealand at Apex, says: “We are delighted that KAR will benefit from the provision of our single-source solution, encompassing fund administration, transfer agency and custody services for their funds.
“We are seeing a growing trend of global investment managers launching new funds and fund vehicles onshore in the Australia market, broadening available investment strategies.”
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