Dallas headquartered Strait Fund Services (STRAIT) has made a strategic hire in Houston, Texas with the appointment of Michael Barakat.

As with all companies, Covid-19 has presented a unique set of challenges to Opus, the fast-growing global fund administrator. But when Opus implemented its business continuity plan, it was more than just business as usual. The firm delivered 87% of its client NAVs earlier than expected – at a time when managers were under intense pressure from investors to report returns. Hedgeweek spoke to Opus CEO Robin Bedford about the short-term challenges to operational processes and the implications for the future…

Sudrania Fund Services Corp (Sudrania) has released Seamless Impact, the latest version of its flagship fund administration platform, Seamless Investment Backoffice. 

Emerging hedge funds risk getting lost in the melee as large investment banks streamline their service offerings. Banks are tightening their fees and raising restrictions on clients which is leading to smaller and start-up hedge funds being left in the lurch.

Celsius Network, a cryptocurrency lending platform with over USD6.22 billion in lending to date, has partnered with Stonegate Global Fund Administration, a cryptocurrency fund administrator.

IQ-EQ has acquired Blue River Partners (Blue River), a US provider of outsourced solutions to alternative asset managers in a deal that IQ_EQ says makes it a major player in the US private equity and hedge fund services market. 

Smart, repeatable and “hands off” technology plays an ever-growing role in the delivery of fund administration services. Two primary drivers of a fund administrator’s success are automation and straight-through processing (“STP”).

Growth equity private investment firm FTV Capital has made a significant investment in hedge fund administrator and regulatory services provider Centaur Fund Services.

Fund Recs is to provide SANNE, a global provider of alternative asset and corporate services, with tailored reconciliation automation services through its Velocity fund administration software.

Corry Capital Advisors (CCA) appoints Northern Trust to provide fund administration and related services for CCA’s US commingled funds.