There is plenty of scope for further consolidation in the hedge fund administration space, but only those with a clear strategic vision and a willingness to reinvest in their businesses will likely emerge as tomorrow’s winners. Consolidation in the hedge
Pacific Fund Systems (PFS), the software company behind fund administration solution PFS-PAXUS, has opened its European operational headquarters in Douglas, Isle of Man. PFS’s chief operating officer Paul Kneen (pictured) says: “PFS is a global software development company providing a
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed. Wells Fargo GFS administers more
Quattrex Sports has chosen European Fund Administration (EFA) for the administration and transfer agency of its alternative investment product Quattrex SCA, SICAV-FIS. The partnership aims to offer investors a choice of sub-funds investing in professional German and more generally European
Hedge fund administration specialist Custom House Global Fund Service has expanded its presence in China with the opening of an office in Shanghai. In addition, the firm has hired Sunny Huang as a relationship manager who will be responsible for
Fund administration provider MainstreamBPO is to acquire New York-based hedge fund administration business Fundadministration. Fundadministration is a US full-service fund administration firm that works with emerging and established hedge fund managers, registered investment advisers and traders. The firm administers
Legion Partners, a California-based, long-term-oriented activist hedge fund manager, has elected ClearStructure Financial Technology's portfolio management solution Sentry PM. The implementation of Sentry PM will automate Legion Partner's front, middle, and back office operations. Sentry PM's use of a GIPS
Bill Prew (pictured) from the INDOS Group has written a note on the implications of Brexit on AIFMD depositaries. “A UK withdrawal from the European Union (EU) following the 23 June 2016 ‘Brexit’ Referendum has potential implications on the existing requirement
There are a multitude of costs that a start-up alternative fund manager faces today, especially with respect to those looking to establish a hedge fund under AIFMD. From regulatory costs and waiting to receive FCA authorisation, to office and IT
City Financial Investment Company has acquired management of the Convex Strategy, with current assets of USD180 million, from Fortress Investment Group in Asia. The strategy will be managed by chief investment officer David Dredge and the investment team who join
