Waystone, a fund management company, completed the acquisition of T. Bailey Fund Services, a fund administration service provider, from T. Bailey, a provider of outcome-based investment solutions. Financial terms were not disclosed. “The agreement with Waystone provides TBFS with a solid foundation for future growth. TBFS operates in a rapidly-changing industry and maintaining a service that remains both relevant and high quality is key. Experienced personnel, compliance and operations are critical to ensuring our service proposition continually evolves with the needs of the market. TBFS and Waystone have a great deal in common in terms of vision and culture. Our clients will continue to be serviced from our Nottingham office and the TBFS management team are excited to join the Waystone UK Senior Management team. We look forward to working together to provide the UK funds industry with a high-quality and personal service proposition," Jessica Kirk, TBFS CEO.