Quintillion, the Irish hedge fund administrator, is set to open its London office on April 2. Jeff Sedgwick, who joined the firm from Advent Software, where he spent five years as an implementation manager and consultant, will head the new office.
“Launching a London office is an important strategic step for us and we are delighted to have attracted someone of Jeff’s caliber to head our U.K. operations,” Quintillion CEO Joan Kehoe said. “The wider range of investors now entering the hedge fund market has resulted in an increased demand for more varied investment strategies and vehicles. Quintillion has been purpose built with this evolution in mind.”
Quintillion targets hedge funds in the U.K., Europe, the U.S. and Asia with assets under management in excess of US$100 million. The firm has amassed some US$2.5 billion in assets under administration since it launched last November.