HAMILTON, Bermuda--(BUSINESS WIRE)--Equinoxe Alternative Investment Services Ltd and HFO Pty Ltd today announce a strategic relationship to move clients to a single platform.
Following a strategic review, HFO has decided to offer its client base the opportunity to transition to Equinoxe’s global business platform, offering middle and back office outsourcing, full administration services and customized reporting.
Equinoxe, which has $15.5bn in Assets under Administration (‘AUA’), welcomes the opportunity to expand its geographic reach.
Stephen Castree, CEO of Equinoxe comments, “HFO have developed an excellent product suite with clients in Hong Kong and Sydney. As the management team evaluated the market they decided to offer their clients the opportunity of moving to a larger service provider. We are delighted that HFO have selected Equinoxe to be its partner going forward. Our continued focus on highly customised service and bespoke reporting has led to a 50% growth in assets in the past 12 months. This growth is poised to continue with further significant assets being added in the coming months. Our development in Asia will be enhanced materially through the relationships with HFO and we are delighted to be able to give their clients the opportunity to enter the Equinoxe fold.
“We anticipate opening further offices in the coming 12 months driven by the increasing volume of our North American business. Working closely with our clients, the development of our consulting approach to middle office services and technology integration has resulted in several substantial new mandates in North America.
“As ever, maintaining a controlled rate of growth with excellent customer service remains our principal objective, with each office only taking on 2-3 clients per quarter.”
Daniel Bower CEO of HFO added, “Equinoxe has an excellent reputation for superior service and institutional technology driven by a team of well-regarded and highly experienced professionals. These values are core to HFO. Following the strategic review of the HFO business, HFO is very positive to have reached a strategic relationship with Equinoxe, offering our clients its global presence, SOC1 certification and the option of fund administration services driven by the common Advent Geneva fund accounting platform. HFO continues to build its institutional style managed account platform whilst establishing this new chapter with Equinoxe.”
Equinoxe is an independent premium service provider founded in 2007 by experienced hedge fund administration professionals. Headquartered in Bermuda, with offices in Bermuda, Ireland, Malta, Atlanta, Mauritius and Singapore, it is a full-service alternative investment fund administration company. With $15.5bn in assets across 172 funds, Equinoxe is one of the fastest growing global administrators.