Orangefield Group, a provider of administration, management and trust services, has acquired hedge fund administrator Columbus Avenue Consulting.

The division will officially operate under the Orangefield-Columbus brand.

Orangefield-Columbus has over USD25bn in assets under administration. Clients will continue to work with their same management teams and benefit from a global suite of operational capabilities and services.

Joep Bruins, chief executive of Orangefield, says: “We enter North America by providing hedge fund services for which we are already leading the industry. Partnering with Columbus Avenue sets us up for success in North America. It also creates a strong base for offering Orangefield corporate services to US clients looking to establish and manage legal entities worldwide.”
 
Joe Holman (pictured), founder and managing partner of Columbus Avenue, says: “Orangefield has a very broad portfolio in corporate services and fund administration in Europe and Asia, complementing Columbus’s focus on the hedge fund industry in the US.“