Apex Group wins Kayne Anderson Rudnick fund services mandate


Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) to service its Australian fund.

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14/12/2022 |
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KAR is an investment advisory firm founded in 1984 to manage capital for its founders. KAR has over $45 billion in assets under management as of September 30, 2022, offering a variety of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-networth clients.

Apex Group has been appointed to provide Fund Administration and Transfer Agency services to the Kayne Anderson Rudnick Global Small Cap Fund. Apex Group’s approach to transfer agency and fund administration helps clients to simplify daily investment management tasks, enhancing transparency for investors while simultaneously delivering operational efficiencies. In addition, Apex Group will also support KAR with its independent Custody Services, offering low latency, accuracy, risk mitigation and market proximity while driving internal efficiencies and flexibility.

This appointment demonstrates the application ofApex Group’s single-source solution, delivering timely, accurate and independent services to meet client needs, streamline their vendor relationships and deliver time and cost economies. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

Nick Bradford, Head of Business Development – Australia and New Zealand at Apex Group comments: “We are seeing a growing trend of global investment managers launching new funds and fund vehicles onshore in the Australia market, broadening available investment strategies to the fifth-largest superannuation (retirement savings) industry in the world. We are delighted that Kayne Anderson Rudnick will benefit from the provision of our single-source solution, encompassing fund administration, transfer agency and custody services for their funds.”

Steve Rigali, CFA, Executive Managing Director, Kayne Anderson Rudnick further comments: “We are pleased to be working with Apex Group, whose single-source model allows us to access the fund services and custody solutions that we require. The convenience and efficiency of contracting with a single, local team in Australia is important to us. Apex Group’s global reach and cross-jurisdictional experience offers the ability to support our business needs in Australia in a scalable manner so that we can focus on our specialty of seeking attractive returns for our investors.”

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