Apex Group selected by NEOR Crypto Volatility Fund for fund services
Global financial services provider NEOR Crypto Volatility Fund (NEOR) has selected Apex Group to provide its fund administration and transfer agency services.
NEOR is an algorithmic crypto volume trading fund with strategies based on artificial intelligence aimed at identifying trading opportunities by consuming real-time data from multiple sources.
Through the launch of NEOR, investors can engage in the cryptocurrency space within the framework of internationally recognised regulation.
Eagle Eye Finance Sàrl is the Swiss Financial Market Supervisory Authority-regulated investment management arm of NEOR for digital asset markets.
Underpinned by PFS PAXUS and Tableau technology portals to support the secure transfer of data, Apex’s services will allow NEOR to communicate with investors and implement robust investor due diligence processes, the global fund servicer says.
John Bohan, co-founder and country head business development (Ireland), Apex Group comments: “The NEOR fund is part of the ongoing crypto revolution within the funds industry and is adopting an innovative strategy that trades the very volatility that has characterised the sector. Fund administration sits at the heart of our single source solution, and this appointment demonstrates the extent to which our offering has evolved to truly serve all asset classes from the traditional to the most cutting edge.”
Phillip Morelle, co-founder of NEOR says: “We are very pleased to be working with Apex and Eagle Eye Finance Sàrl to bring together the worlds of algorithmically-traded cryptocurrencies and institutional ownership. Apex has brought an understanding of the regulatory nuances and compliance requirements, instilling confidence in our stakeholders.”