Deltec Fund Services selects PFS-PAXUS

Pacific Fund Systems, the leading provider of global fund administration software, today announced that Deltec Fund Services Limited, an independent, full service, financial services provider, has selected their PFS-PAXUS fund administration software for its fund administration operations. Licensed as an unrestricted investment fund administrator, Deltec established a banking presence in Nassau in 1959 and is the oldest private bank and trust group under continuous ownership in The Bahamas. Deltec provides a full suite of leading-edge fund administration services, including structuring advice and setup support, from the concept stage through to launch. Since Deltec's existence over 70 years ago, Deltec has cultivated a diverse group of clients in over 38 countries. Deltec Fund Services Limited aims to enhance the quality of the fund launch and ongoing management experience for their clients, whilst ensuring that the fund structure is solid and operational risks are mitigated. The Bahamas offers a stable, well-regulated and tax neutral jurisdiction to do business. An established market-leading product, PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators. PFS-PAXUS will assist Deltec's ongoing fund operations to meet the core administration, shareholder services and regulatory reporting requirements of its clients. Pacific Fund Systems (‘PFS’) is a leading provider of fund administration software via its award winning PFS-PAXUS application; a specialist accounting and administration system that is the product of choice for administrators of both alternative and traditional funds across the globe. PFS services more than 70 client sites across multiple global jurisdictions with in excess of US$400bn of assets managed on PFS-PAXUS. Please read the full press release here.