Abax Corporate Services selects PFS-PAXUS Fund Administration software

Abax Corporate Services (ABAX) has announced that it has selected PFS-PAXUS for the administration of its alternative investment funds operations in Mauritius. Vishal Woochit, Senior Manager at ABAX commented: ‘We are committed to deploying sophisticated best-of-breed software for our fund administration service. We have chosen PFS-PAXUS to service the hedge funds that we administer owing to its reputation in the industry. Taking PFS-PAXUS will enhance the quality of service that we provide to our clients.’ ABAX is an international provider of corporate management and advisory services. ABAX focuses on delivering business solutions to multinationals and private equity funds investing in Africa and Asia. Headquartered in Mauritius and licensed by the Financial Services Commission, the company has US$ 16bn of client assets under administration. ABAX has operations or representations in India, Kenya, Singapore, South Africa and the United Arab Emirates. Additionally, through an international network of partners, ABAX also provides services in many other financial centres and markets. Pacific Fund Systems (‘PFS’) is a leading provider of hedge fund administration software. PFS services over 70 client sites across multiple global jurisdictions with in excess of US$300bn of assets managed on PFS-PAXUS, PFS’s fully-integrated share registry, fund accounting and allocations platform.