Bermuda-based global financial services provider, the Apex Group Ltd, will provide fund administration and accounting services to Nassau-headquartered Marlin Capital Partners.

Marlin is licensed and regulated by the Securities Commission of The Bahamas to offer advisory services and manage assets on a discretionary basis.

Marlin has appointed Apex Group and subsidiary Throgmorton to provide outsourced management company, middle office and fund administration services.

Apex said this appointment comes ahead of the launch of Marlin’s Dauntless Fund, which will focus on arbitrage opportunities within the digital asset space.

The company added that its single-source solution encompasses a wide range of services under one roof, enabling clients, such as Marlin, to create efficiencies, reduce costs and improve controls by outsourcing the back-, middle- and front-office operational framework.

Apex said clients benefit from access to the market-leading technology which underpins these services, to support their operations, manage risk and reduce operational costs, while having more time to focus on performance and growth.

Jason Meklinsky, head of business development, Americas at Apex Group said: “Robust middle- and back-office functions are paramount to the smooth running of a fund and to meeting the highest investor reporting expectations.

“As regulatory compliance requirements continue to evolve, operational efficiency and economies of scale are vital. We look forward to working with Marlin on their pioneering new fund, allowing the team to focus on performance and growth, whilst our dedicated and experienced experts support their operational needs.”

Richard Heathcote and Zachary Lyons, partners at Marlin Capital Partners, added: “We are pleased to appoint Apex to provide their integrated outsourced solution. They have demonstrated ability to meet our service requirements seamlessly across time zones and we have been particularly impressed by the flexibility and responsiveness of their client service model and exceptional expertise of the team.”