CHICAGO, Jan. 21, 2014 /PRNewswire/ -- Opus Fund Services has today announced a court approved deal to absorb AlphaMetrix360 (AM360) by placing all of its clients onto the Opus platform with immediate effect.
AM360 was formed in 2010 by the acquisition of Spectrum Global Fund Administration by Alphametrix Group LLC, and the merger of their respective proprietary technology platforms. "The core of the AM360 administration product was built from one of the leading fund administration companies of the last decade," said Stephen Giannone, Opus President and former Spectrum Director. "With a number of ex-Spectrum employees at Opus, we are confident that we will provide a seamless transition for their clients."
Robin Bedford Opus CEO commented, "The implementation onto the Opus platform has commenced and we warmly welcome the AM360 clients. Opus is in a unique position of being able to act swiftly and decisively to provide a safe harbor during an uncertain and difficult time."
About Opus Fund Services:
Opus Fund Services was established in 2006 and is a leading independent and privately owned full service fund administration company providing automated, integrated middle and back office administration services to hedge funds and asset management firms. Opus Fund Services (Bermuda) Ltd. is licensed by the Bermuda Monetary Authority under the Investment Funds Act 2006. For further information see www.opusfundservices.com or contact one of our offices.
SOURCE Opus Fund Services