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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Apex Launches Uruguay Office

Jan 24, 2013
Jing Chen

Hedge fund administrator Apex Fund Services announced Thursday that it has expanded its presence in Latin America.

Bermuda-based Apex said in a statement that it has opened an office in Uruguay, which aims to “play a key role in opening up the territory to the world’s fund managers.” The firm also added that the new location is beneficial for asset managers as a result of the country’s low operating costs.

Apex Uruguay’s opening was also prompted by increased allocations across Latin America and burgeoning investment interest in the region.

Founded in 2008, Apex Fund Services has offices around the world including Hong Kong, New Jersey, Australia and Geneva.

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