Wednesday, 24 December 2014
Last updated 9 hours ago
Sep 2 2010 | 10:48am ET
Hedge fund administrator JD Clark & Co. and its parent, UMB Fund Services, have a lot to crow about. The firm said it enjoyed a “surge” in new clients in the first half, and has added more than 50 new employees to help serve them.
The Milwaukee-based firm, which acquired JD Clark last year, said it added 19 new clients in the first half, among them hedge funds Alpha Beta Capital Partners, Pacificor and Persimmon Capital Management. UMBFS and JD Clark have also hired 40 new associates, as well as 11 more in a newly-acquired managed accounts business.
“I am proud of the growth that UMBFS is experiencing in this difficult economy," said John Zader, CEO of UMBFS. "We have focused on continuing to offer clients the strength, stability, and service culture they need in an environment of provider downsizing and service lapses. That focus resonates well with prospective clients and enables us to maintain a strong base of highly satisfied existing clients.”
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…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.