Fund Administration News

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Ireland's assets under administration experiences strong growth

Total assets under administration (AUA) in Ireland are fast approaching the €2 trillion mark with the Irish funds industry holding 43% of the world’s hedge fund assets.

Feb 24, 2011

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Fund administrator Butterfield Fulcrum is acquired by former executives

Fund industry executives Glenn Henderson and Tim Calveley have teamed up with BV Investment Partners, a middle market private equity firm, in an agreement to acquire fund administrator Butterfield Fulcrum.

Feb 09, 2011

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BNY Mellon Alternative Investment Services makes senior appointment

BNY Mellon Alternative Investment Services (AIS) has appointed Alan Flanagan as head of global product management.

Jan 27, 2011

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Regulation and growth will lead to back office transformation

The influx of regulation and the renewed growth in the investment management industry could deliver a “one-two punch” for fund administrators in 2011, according to Confluence, a provider of automated data management services.

Jan 06, 2011

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AIS unveils web portal to help hedge funds communicate with investors

AIS Fund Administration has launched a secure document management and investor relations web portal for its hedge fund clients.

Dec 22, 2010

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State Street to provide fund administration to LibreMax Capital

State Street Corporation is to provide fund administration to LibreMax Capital, a New York-based hedge fund that launched in October 2010.

Dec 15, 2010

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AlphaMetrix acquires Spectrum Global Fund Administration

AlphaMetrix has acquired Spectrum Global Fund Administration and will incorporate Spectrum’s operations onto its platform.

Dec 15, 2010

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UMB Fund Services to give back office support to Gottex

UMB Fund Services (UMBFS) and its alternative investments division JD Clark & Company (JDC) have been selected to provide back office services for Gottex Fund Management’s two new registered funds.

Dec 15, 2010

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Hedge funds employ 300,000 worldwide, according to survey

Hedge funds employ an estimated 300,000 people worldwide, according to a groundbreaking survey by the Alternative Investment Management Association (AIMA), the body that represents the hedge fund industry.

Dec 10, 2010

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Northern Trust to provide support in production of Key Investor Information Documents to help clients meet UCITS IV requirements

Fund administrator Northern Trust will assist fund managers with the production of Key Investor Information Documents (KIID) to help them meet Ucits IV requirements.

Dec 09, 2010

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