Bermudian-based Emerging Asset Management Ltd, a company founded to simplify the process of running an investment fund, has reached the milestone of $1 billion of assets under management.

EAM, which has platforms in Bermuda, Cayman and Delaware, and which is part of the Apex Group, was incorporated in May 2008 by Peter Hughes and John Bohan.

The company provides a turnkey solution that has attracted clients including new and established small- to medium-sized fund managers looking to start an alternative investment fund or launch new funds.

Bill Wiggin, managing director at EAM, said: “The growth in our AUM to $1 billion is reflective of the success of our clients who use our platforms as a cost-effective way of building a fund, allowing them to focus on generating returns for their investors and growing their own AUM.

“Since we were founded in 2008, EAM’s dedicated and expert team around the globe have helped to relieve our clients of the administrative burden of establishing a new fund, allowing them to dedicate more time to the success of their investment strategies.”

EAM serves both onshore US and offshore jurisdictions, guiding clients through the fund launch process covering all legal, fund administration, prime brokerage and domiciliation requirements.