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New Year, New Face in Fund Administration

Date: Monday, January 7, 2013
Author: News Release

Tower Fund Services launch creates fresh alternative for investment managers 


NEW YORK – January 7, 2013 – The New Year sees the launch of a new fund administration firm for alternative investment managers. Tower Fund Services is a newly established independent third-party administrator offering a compelling combination of fresh perspective and in-depth experience. The firm provides a full spectrum of tailored outsourced solutions for hedge funds, funds of funds, multi-manager platforms, private equity, venture capital and real estate funds. Its suite of services includes fund startup, accounting, valuation, reporting and tax services to alternative investment managers in all strategies and structures. Tower Fund Services was co-founded by the former managing director and director of operations for Apex Fund Services (US) Inc.
Co-founder and Managing Director Vince Sarullo said: “No-one in the investment management industry needs reminding that there has never been greater external pressure being placed upon it. Fund managers in all asset classes face an enormous challenge to keep up to date with the wave of local, regional and global legal and regulatory requirements that have been imposed since the international financial crisis, in addition to traditional anti-money-laundering and know your client regulations. Nor does anyone need reminding that the pressure shows no signs of abating any time soon.”
Co-founder and Managing Director Kinjal Amin added: “But they do need to be reassured that there are tried and trusted alternative methods of ensuring that their fund administration needs are met, and that they and their operations are at all times compliant, in a cost- and time-effective manner. By enabling this, Tower Fund Services liberates them to focus exclusively on their core, revenue-generating business: investing.”
About Vince Sarullo
Vincent M. Sarullo is Co-founder/Managing Director of Tower Fund Services LLC. Responsible for the firm's overall development, he has over 20 years of experience in the financial services industry, most recently establishing the US operations of Apex Fund Services in 2008. He worked on setting up and bringing to market over 30 funds during this period, and grew the business to over a dozen staff, servicing over 75 funds with $2 billion in assets under administration. Vince has also served as CFO/CCO for Terrapin Asset Management which offered hedge funds, fund of funds and private equity investment platforms. Prior to that he spent over a decade as CFO for Private Equity firms Butler Capital and Odyssey Investment Partners. Vince, a Certified Public Accountant and a graduate of St. John's University with a BS in Accounting, started his career at Deloitte & Touche in their New York financial services and real estate groups. He also currently serves on The Hedge Fund Association’s northeast regional advisory board.
About Kinjal Amin
Kinjal A. Amin is Co-founder/Managing Director of Tower Fund Services LLC. His vast experience spans hedge funds, fund of funds, private equity funds, and other forms of investment vehicles. He was previously the Director of Operations at the Florida office of Apex Fund Services, with direct responsibility for on-boarding, preparing, and reviewing accounting and tax work for over 75 alternative investment funds. Prior to Apex, he served as a supervisor at a boutique tax and advisory firm preparing tax reporting for sizable hedge fund partnerships. He has also previously spent time in audit and litigation services for two top tier public accounting firms. Kinjal, a New Jersey CPA and a member of the AICPA, earned his Bachelor in Science degree in Accounting and Bachelor of Arts in Economics from Rutgers University.
Media Contact:
Mitch Ackles
Hedge Fund PR
(646) 657-9230