PFS-PAXUS user, Apex Fund Services, wins 'Best Administrator - Technology' award at the 2017 European HFMWeek awards

Apex Fund Services has won the 'Best Administrator - Technology' award at the 2017 European HFMWeek awards. The annual HFM European Hedge Fund Services Awards are a recognition and reward for those hedge fund service providers that have demonstrated exceptional customer service and innovative product development over the past 12 months. In today's world the financial markets rely on superb technology products for accuracy and instant responses. Technology has both tangible and intangible benefits which is why it is essential that all fund services are delivered through market leading products. Apex enhances the delivery of timely, accurate and independent portfolio accounting through the utilising the 'best in class' technologies to provide high quality solutions to asset managers globally. Pacific Fund System’s PFS-PAXUS is a world leading specialist accounting and administration application system designed specifically for the alternative fund administration industry, and Apex use PFS-PAXUS to deliver one integrated solution with customer web access built into its core. PFS-PAXUS, with its state-of-the art relational database design, replaces multiple legacy systems and integrates all separate processes including the securities portfolio, allocation system, general ledger, fee calculation and share registry module into one smooth operation. The benefits of Apex using this robust and reliable software for its clients include increased efficiency, reduced risk of error, faster valuation, ability to support complex funds and reduced overall IT costs. Please read the full announcement here In addition to Apex, a number of other PFS-PAXUS users were successfully recognised at the same event, including Custom House Global Fund Services who won the 'Most innovative fund administrator - under $30bn' award and Circle Partners who won the 'Best administrator - under $30bn Client Service' award.