Irish boutique fund administrator Apex Fund Services says it has launched the first private fund admin service in China and is helping the embryonic mainland market to develop.
"China has been closed off to the rest of the world in terms of fund administration," says Anthony D'Silva, Shanghai-based managing director for Apex China. "They have a very nascent understanding of the service."
Before being introduced to fund administration, he adds, many local managers did not know how to do various performance pay calculations and were using manual data input methods.
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