Moab Capital Partners Selects Maples Fund Services as Hedge Fund Administrator
Moab Capital Partners, LLC, (“Moab”) a New York-based alternative investment fund manager with over US$485 million of consolidated assets under management across their hedge funds and other product offerings, recently selected Maples Fund Services, a division of MaplesFS, to provide a full suite of hedge fund administration services.
Maples Fund Services will provide a range of administration services, including fund accounting and investor services, for the hedge funds managed by Moab. Maples Fund Services’ customisable approach and sophisticated infrastructure, coupled with the expertise of its team in working with debt funds, were key elements in the asset manager’s decision to migrate from its existing fund administrator. Maples Fund Services was also selected to provide fund accounting services to Moab’s new insurance dedicated fund which launched on September 1, 2015 with US$25 million.
“Having previously been serviced by a division of a large investment bank, we decided to focus our search on independent administrators for their adaptive nature and the increased flexibility they can provide,” said Chad Goldstein, Moab Capital Partner’s Chief Financial Officer and Chief Compliance Officer. “Maples Fund Services has the capabilities to provide superior service to funds like ours with a variety of strategies that invest throughout the capital structure. In addition, the firm’s long-term view towards client relationships as well as its cutting edge approach to technology further supported our decision to partner.”
“The new relationship with Moab is a testament to our ability to deliver adaptable, highly specialised solutions to increasingly complex fund structures,” Jason Brandt, Maples Fund Services’ Regional Head of Fund Services – Americas, said. “We look forward to developing a productive, long-lasting relationship with Moab Capital Partners as we help them bring new efficiencies to their operations.”
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