Para Advisors, a hedge fund manager with approximately US$200 million of assets under management, has expanded its relationship with Maples Fund Services to include administration for the firm’s onshore funds.
Maples Fund Services has served as administrator for Para’s offshore fund since early 2010, but Para had previously handled administration for its US onshore funds internally. MaplesFS was awarded the onshore business to help Para stay ahead of growing industry needs for more independence and transparency.
“The expansion is a testament to our value of independence, client excellence, customised approach, and our ability to service both onshore and offshore funds,” Toni Pinkerton, global head of Maples Fund Services said.
Para launched its flagship onshore fund in 1991.
