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Apex Group Ltd. (“Apex Group” or the “Group”), one of Luxembourg’s largest financial services providers and employers, announces today the acquisition of Prometa Fund Support Services Inc. (“Prometa”), a Canada based provider of fund services. Prometa delivers fund services to clients in Canada, the United States, and Bermuda, including Hedge Funds, LSVCCs and Mortgage Investment Corporations. Prometa administers over $28 billion in assets for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors.
Growth of Canada’s asset management industry outpaced both the U.S. and the global industry in 2021, with assets under management rising 14% during the year to US$3.6 trillion. The acquisition of Prometa will...
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