HAMILTON, Bermuda, Oct. 26 2011 /PRNewswire/ --
Opus Fund Services, an award winning and leading independent fund administrator, today announced the acquisition of the hedge fund administration unit of Agile Hedge Solutions, LLC based in San Francisco. Opus, based in Bermuda and with offices in Chicago and San Francisco, expects the transaction will immediately strengthen its west coast presence.
Robin Bedford, CEO of Opus Fund Services said, "This acquisition is the result of many months of hard work by both parties. We are excited to have the opportunity to work with the Agile client base as they become part of the award winning Opus platform."
Prior to today's announcement, Agile Hedge Solutions, LLC provided two lines of business to its hedge fund clients consisting of outsourced CFO solutions and fund administration. Nicholas Castoria, president of Agile, and his team will work together with Opus as consultants in conjunction with this acquisition. Nick adds, "Working with the Opus platform will greatly benefit our administration clients who will enjoy the expanded institutional quality service, together with the greater resources Opus can provide. This will allow Agile to focus on its core business, providing industry leading outsourced CFO consulting service to its current and future clients."
Stephen Giannone, president added, "We are very happy to be able to implement the Agile client base onto the Opus platform and we're thrilled to have Nick and his team work with us as we move forward together."
Greg Knapp head of the Opus San Francisco office adds, "We are excited to continue the rapid growth of our west coast presence with this transaction. The expansion of our San Francisco office is one of our core strategies, and shows the importance that Opus has placed on the west coast market place.
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. In 2011 and 2010 Opus was the "Top Ranked" fund administrator by Global Custodian. In 2011 Opus was named "Best Administrator for Small and Start-up Firms" and in 2010 "Best Overall Administrator with AUA under $30bn" at the annual HFMWeek US Awards. In 2009 Opus was identified as the fastest growing fund administrator by Hedgefund.net. Opus Fund Services has offices in Bermuda, Chicago, Naperville and San Francisco. 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.
About Agile Hedge Solutions, LLC:
Agile Hedge Solutions, ("AHS") is a San Francisco based firm that provides Outsourced CFO and operational consulting solutions to hedge funds in the San Francisco Bay Area and New York. AHS focuses on tailoring its solutions to specifically address the needs of its clients on the operational and financial accounting side of the business. Having a vast experience with all securities products and hedge fund strategies allows AHS to work with start-ups, and/or middle tiered operations alongside firms in wind down mode. Overall, AHS rolls up its sleeves and comes in to get the job done in whatever the Fund needs demand.
SOURCE Opus Fund Services