Opus Fund Services completes AlphaMetrix360 transaction
Chicago, IL, January 21, 2013 – Opus Fund Services has today announced a court approved deal to absorb AlphaMetrix360 (AM360) by placing all of its clients onto the Opus platform with immediate effect.
AM360 was formed in 2010 by the acquisition of Spectrum Global Fund Administration by Alphametrix Group LLC, and the merger of their respective proprietary technology platforms. “The core of the AM360 administration product was built from one of the leading fund administration companies of the last decade.” Said Stephen Giannone, Opus President and former Spectrum Director. “With a number of ex-Spectrum employees at Opus, we are confident that we will provide a seamless transition for their clients.”
Robin Bedford Opus CEO commented, “The implementation onto the Opus platform has commenced and we warmly welcome the AM360 clients. Opus is in a unique position of being able to act swiftly and decisively to provide a safe harbor during an uncertain and difficult time.”