Admins. Equinoxe, MadisonGrey To Merge

Nov 9 2010 | 10:31am ET

Hedge fund administrators Equinoxe Alternative Investment Services and MadisonGrey Holdings have agreed to merge, giving Equinoxe its first foothold in the U.S. market.

Terms of the merger were not disclosed. The combined firm, which will continue to be called Equinoxe, will have assets under administration of more than $7 billion and will use MadisonGrey's Atlanta office to service onshore U.S. funds.

The firm will also retain Equinoxe's offices in Bermuda, the Cayman Islands, Dublin, Ireland, and Mauritius, with a sixth office set to open in Singapore next year.

"We are thrilled to be able to create a global force through this strategic merger," Equinoxe CEO Stephen Castree said. "The integrated companies will extend the full service platform onshore in the U.S.A., a cornerstone of our expansion plans, whilst continuing to leverage our institutional technology capabilities with a highly focused boutique service model, our key differentiator in the market."


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of