Bermuda-based independent fund administrator Opus Fund Services has announced the acquisition of the hedge fund administration unit of San Francisco-based Agile Hedge Solutions LLC.Agile Hedge Solutions provides administration services to a portfolio of domestic and offshore hedge funds, fund of funds, managed accounts and related investments.Opus, which also has offices in Chicago and San Francisco, expects the transaction will immediately strengthen its West Coast presence.Robin Bedford, CEO of Opus, said: “This acquisition is the result of many months of hard work by both parties. We are excited to have the opportunity to work with the Agile client base as they become part of the award winning Opus platform. “Nicholas Castoria, president of Agile, who is joining the Opus team as a consultant, said: “Working with the Opus platform will greatly benefit our clients who will enjoy the expanded institutional quality service, together with the greater resources Opus can provide.”Stephen Giannone, Opus president, said: “We are very happy to be able to implement the Agile client base onto the Opus platform and we’re thrilled to have Nick and his team work with us as we move forward together.”Opus, which is located in Somerset Village, has enjoyed some considerable growth and success since launching its Bermuda head office in 2008 and expects to add to its on-Island headcount over the next year.With the exception of Mr Bedford, the company’s Bermuda office is all Bermudian and has always been staffed by Bermudian employees with a Bermudian board of directors, with a proud claim of never having interviewed an ex-patriate or submitted a work permit application. The company has 20 employees across all of its offices.Opus was named the Best Administrator for Small and Start-up Firms at the annual HFMWeek US Awards at an award ceremony held in New York earlier this month.