Fund administration provider Custom House Funds Services has opened a new office in Hong Kong.
The firm now serves clients from 13 global locations and offers hedge and private equity funds operating within the Asia Pacific.
"The Asia-Pacific region has seen an explosion of hedge fund activity in recent years with the rapid expansion of the number of institutional investors in the sector,” said Custom House chief executive Mark Hedderman.
“In 2014, Asia-Pacific hedge funds grew by nearly 30 per cent, due in part to recent regulatory reforms.
“With this trend expected to continue, we are committing to an increased focus on serving new and existing clients with specialised services applicable to their strategies and localised needs,” he said.
Custom House managing director of the Hong Kong branch, Tony Kan, said the firm looks forward to extending its services to clients.
“Having an excellent understanding of the local regulations and customs, backed with strong operating and relationship teams from Shanghai and Shenzhen in China to Singapore, Hong Kong's central location reinforces our commitment to the industry by supporting our clients across all asset classes and fund strategies in the APAC region,” Mr Kan said.
According to Custom House, the firm is enhancing its technology platform to provide a Chinese-language portal and website for clients and underlying investors, allowing them to view their NAV statements and fund data in their language.
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