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Ansbacher Fund Services is offering a fund administration business catering to the European private equity and fund-of-funds business. Among the services it will offer are the calculation of performance fees for partners. It will also enable clients to customize the way the information is presented. There is no standard approach for the calculation or formatting of general partner carry calculations, so these calculations are formatted differently by managers, said David Bailey, head of product and business development. The enhanced solution was licensed from Investran, a Toronto-based vendor.