Wednesday, 17 December 2014
Last updated 5 hours ago
May 4 2010 | 2:53pm ET
A pair of hedge fund administrators announced plans to work together to offer their clients a wider range of services.
Citco Fund Services and OpHedge Investment Services have struck a strategic alliance in which Citco, by far the larger of the two firms with $550 billion in assets under administration to OpHedge’s $38 billion, will serve as sub-administrator for OpHedge. Citco has not taken an ownership stake in OpHedge; instead, the two sides agreed to split revenues.
“We already know each other well through working on mutual clients, our technology is already integrated, now we can focus on establishing best-of-breed across both organizations and this can only be good for our clients,” Citco’s William Keunen said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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