Strong First Half Sees GlobeOp’s Assets Under Administration Reach $170B

Aug 3 2011 | 9:55am ET

Hedge fund administration and technology firm GlobeOp Financial Services saw its assets under administration increase 14% in H1 2011 to $170 billion, bringing the total increase for the past 12 months to 42%.

The firm saw revenue rise 23% over the past 12 months to $110.4 million, while its adjusted operating profit rose 28% to $32.4 million. The firm also saw an expansion of its adjusted operating profit margin—from 28.4% in H1 2010 to 29.4% in H1 2011.

Hans Hufschmid, chief executive officer, said: “GlobeOp performed well during the first half of the year…We added new clients, particularly in the second quarter, and our new business pipeline is building. We have continued to invest in our capabilities and enhanced our marketing efforts while expanding profit margins and generating strong cash flows. We see an array of growth opportunities for GlobeOp and believe recent global volatility will create opportunities for fund managers over time. We remain optimistic about our business and look forward to the second half of 2011.”
 


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR