OpHedge Investment Services, LLC has announced its continued expansion into the middle and back office administration space with the launching of a Singapore subsidiary and the opening of a New York City office.
The Singapore venture builds upon the companys Shanghai subsidiary, which began operations in summer 2006. “OpHedge already has established a premier client base in Singapore,” says OpHedge CEO Peter Sanchez. “We continue to encounter substantial demand for our customized middle and back office services.”
“We provide for most of our clients daily P&L and NAV,” says Sanchez, explaining that the New York office will focus primarily on fund accounting. “New York has a large pool of fund accountants, and our Manhattan office will provide a valuable resource for OpHedge to service our growing stable of clients.”
Headquartered in Rye Brook, NY, OpHedge Investment Services, LLC offers middle and back office solutions for a select group of alternative investment managers. In addition to its Rye Brook, Shanghai, Singapore and New York City offices, OpHedge also operates a fund administration subsidiary in Grand Cayman.