OpHedge Investment Services, a provider of outsourced middle and back office hedge fund administration services, has leased additional space in order to expand its offices in Rye Brook, Ne
OpHedge Investment Services, a provider of outsourced middle and back office hedge fund administration services, has leased additional space in order to expand its offices in Rye Brook, New York, to 32,000 square feet.
The expansion of Rye Brook office, following the recent similar expansion of OpHedge’s Shanghai subsidiary, have been necessitated by its substantial growth, the firm says. Having launched operations in May 2005, OpHedge now has more than 200 employees administering more than USD25bn in alternative investment assets.
‘We fully expected a favourable response to the sophisticated and tailored services we set out to provide to the alternative investment community, and the rapid rate of our growth confirms our assessment,’ says Robert Harris, OpHedge’s general counsel and chief administrative officer.
The firm has also established a client services group. ‘Given that our success largely has been a function of individualised services we are able to provide, we want to ensure that we maintain service quality as we grow,’ Harris says. ‘Our newly established client services group provides the mechanism to do just that.’
OpHedge, which provides tailored administration solutions for a wide range of complex financial products, fund administration subsidiary in Grand Cayman along with its offices in New York state and Shanghai.
