ALPS Fund Services is to expand its Denver-based hedge fund administration business with the acquisition of Kaufman Rossin Fund Services (KRFS), an independent, full-service provider of specialised administration services to the financial community. Established in 1994, KRFS has offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman. The company’s hedge fund services include accounting and valuation, back-office outsourcing, investor services, treasury services, and customised reporting. KRFS is an affiliate of Kaufman Rossin & Co