It was announced on Tuesday that RBC Dexia Investor Services has been selected by Ark Fund Management to provide a full range of investor services including custody, investment finance, valuations and unit holder record keeping for the company’s entire family of hedge and mutual funds. Ark Fund Management is one of the newest companies on the Canadian asset management landscape, having acquired the assets of SciVest Alternative Strategies in August 2007.
"Our decision to work with RBC Dexia was based on a number of factors, including their reputation, leadership position in the Canadian market and their capacity to support our plans for future growth," says Peter Shippen, president and CEO, Ark Fund Management. "We founded this company to deliver investment products that provide diversification benefits to investors. After carefully evaluating the various providers available, we are confident that RBC Dexia is the most prudent choice to help us achieve our long-term business goals," he continues.
"We would like to officially congratulate Ark Fund Management on their successful entrance into the asset management industry and welcome them as our newest client in the Canadian market," says Brent Wilkins, head, sales and relationship management, Americas, RBC Dexia. "Partnering with clients such as Ark and allowing them to focus on their strategic priorities is the cornerstone of our service offering. We anticipate a productive working relationship and look forward to the opportunity to help them achieve their business objectives in the years ahead," he remarks.