Quintillion, a third party fund administration company, has been chosen to provide administration services to the investment funds managed by Aspect Capital.

Quintillion, a third party fund administration company, has been chosen to provide administration services to the investment funds managed by Aspect Capital.

Based in London, Aspect Capital is a systematic investment manager managing over USD3.7bn. The company's flagship Aspect Diversified Fund has over USD1bn under management and returned over 25 per cent in 2008.

Quintillion now provides the funds managed by Aspect with a complete range of administration services including NAV calculation, investor servicing, anti-money laundering checks and financial reporting. Quintillion assumed these responsibilities from 1 June 2009.

Joan Kehoe, chief executive officer of Quintillion, says: 'We are very pleased to have added a client of Aspect's calibre to our growing client list and we look forward to supporting them to the very highest standards. Quintillion's administration offering is designed specifically to meet the high standards of managers like Aspect and we view our appointment as a notable endorsement of our product in this regard.'

Anthony Todd, chief executive officer of Aspect, adds: 'We are delighted that the funds have engaged Quintillion's services. We are confident that Quintillion will be an important partner in helping Aspect to maintain our extremely high standards of administrative control and in providing investors with enhanced transparency and the highest levels of service.'