Hedge Fund Tech. Firm To Add New York Office

Hedge fund technology provider Syncova is going transatlantic.

The London-based firm, which offers technology solutions to hedge funds with more than US$70 billion in assets, is set to open a New York office in the fall. The firm already services U.S. hedge funds from its U.K. base.

“We’ve been building out our U.S. business at a steady pace from London, and now we’re at a point where there is sufficient growth that we can open a U.S. entity,” CEO Liam Huxley told HFMWeek.

With a U.S. base in the works, Syncova is also looking to the biggest growth area in the hedge fund industry, Asia. Huxley said the firm may establish a presence there, but did not offer a timeline.