Wells Fargo Completes Acquisition Of LaCrosse

Dec 1 2011 | 10:55am ET

Wells Fargo & Company has completed its acquisition of hedge fund administrator LaCrosse Global Fund Services from Cargill.

LaCrosse’s platform and technology offers traditional fund administration services as well as operational support, derivatives processing, bank debt processing and cash/collateral management.

Wells Fargo will continue to use the LaCrosse name for the administrator and to maintain its operating centers and offices in New York, Minneapolis, London, Dublin, Singapore and Jersey. The deal allows LaCrosse clients to make use of the full range of services offered by Wells Fargo, including custody, cash management, trust, paying agent and other related banking services.
 
“The strength of Wells Fargo’s market reputation and existing services combined with LaCrosse’s industry experience and full-service platform forms a compelling offering to the hedge fund industry,” said Doc Walther, head of structured product services in Wells Fargo’s Corporate Trust Services division. “We are pleased to have completed this merger and welcome the LaCrosse team to Wells Fargo.”
 
Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note