Due to an increasing number of mandates won by QRMO across its risk management, middle-office and back-office outsourcing services, the company has expanded its headquarters by taking the entire 26th floor in addition to the 20th floor that is currently occupies. This extra area will increase overall floor space to nearly 6,000 square feet and will allow QRMO to expand from the 30 staff that it already employs to a planned 50 to 60 staff in total over the coming two years.
Angus Hung, QRMO’s CEO, states, “Despite the financial crisis, QRMO continues to see increased demand for its services and remains optimistic that such demand will remain healthy over the coming years given ever increasing regulatory pressure and investor scrutiny over hedge fund risk management & operations – functional areas that QRMO is uniquely positioned to assist our current clients and prospects with as they try to meet these challenges whilst ensuring a reasonable cost base.”
QRMO currently services over 40 hedge fund mandates throughout the Austral-Asia region trading a variety of strategies across all major asset types with total AuM nearing USD5 billion. Structures serviced include offshore commingled funds, SFC retail funds, managed accounts, seeding platforms, funds of one and family offices.