GSR Capital appoints Apex Group for fund administration
Apex Group Ltd. (“Apex Group” or “the Group”), a global financial services provider, announces today that it has been appointed by GSR Capital Limited (“GSR Capital”) to provide fund administration services.
GSR Capital is the investment management arm of the GSR group of companies, a global leader in digital asset trading, which has been operating since 2013. Founded in 2021, GSR Capital leverages GSR’s broader expertise in digital assets, execution and liquidity to research and build investment products for institutions, family offices and other professional clients.
Apex Group will provide fund administration services to GSR Capital. This appointment is yet further evidence of Apex Group’s innovative architecture and adaptable service model, enabling the Group to provide a single-source solution to managers who are pioneering new structures and in this fast-evolving area of financial services.
Apex Group’s single-source solution encompasses a wide range of services under one roof, enabling clients, such as GSR Capital, to create efficiencies, reduce costs and improve controls by outsourcing the back-, middle- and front-office operational framework. A recent Total Economic Impact (TEI) report by Forrester Consulting found that on average, clients of Apex Group’s single-source solution, achieved a return on investment of 105% and cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
Joris Groot, EMEA Sales at Apex Group comments: “By working with Apex Group, managers are able to focus on providing their investors with convenient and reliable access to investment products and exposure to digital assets. We are delighted to be supporting the fund servicing needs of the GSR Capital team with our comprehensive single-source solution which is both robust and adaptable enough to meet the unique needs of managers of digital asset strategies.”
Andrew Moss, Chief Operating Officer of GSR further comments: “As one of the first movers into Digital Assets, it is evident that Apex Group has invested significantly in their people and infrastructure to support such a rapidly evolving asset class. As institutions move into Digital Assets a key objective of GSR Capital is to make the experience as familiar as possible. Apex Group is a reputable and trusted partner with a long-standing history of providing a range of fund solutions globally, while also being well positioned to navigate the considerations and challenges of investing in digital assets.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
About GSR Capital Limited
GSR Capital Limited (GSR Capital) is the investment management arm of the GSR group of companies (GSR), a global leader in digital asset trading, which has been operating since 2013. Founded in 2021, GSR Capital leverages GSR’s broader expertise in digital assets, execution and liquidity to research and build investment products for institutions, family offices and other professional clients.
The GSR Capital team have significant experience at world leading quantitative hedge funds and asset managers. The team comprises of professionals across research, portfolio and risk management, technology, operations, sales and investor services.
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