Krypton Fund Services Holdings, an independent fund services company based in Bermuda, has selected the Pacific Fund Systems (PFS) PAXUS fund administration system for its third-party fund administration business operations.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
Krypton provides fund administration, registrar and transfer agent, regulatory reporting, project management and setup, to family office investment portfolios, investment funds, private and special purpose vehicles operating predominantly in the alternative investment arena.
Pacific Fund Systems is a provider of fund administration software via its PFS-PAXUS application used by administrators of both traditional and alternative funds, including hedge funds, private equity and real estate.
Paul Kneen, CEO of PFS, commented: “We are delighted to welcome Krypton Fund Services as a client. We look forward to working with their team to help them to automate the ever-increasing regulatory and market demands of the continually evolving fund's industry.”
Roderick White, CEO of Krypton Fund Services, said: “The integrated nature of the functionally rich PFS-PAXUS application enables the team to manage the entire processing cycle within one system, which in turn supports our customer-focused ethos to provide a superior level of support to our clients.”
