New Office In Nova Scotia For Administrator Admiral

Apr 20 2012 | 2:18am ET

Hedge fund administrator Admiral Administration has opened an office in Canada.

The Cayman Islands-based firm's new Halifax, Nova Scotia, office will serve as its primary center for middle- and back-office operations, Nova Scotia Business Inc. said. The office is Admiral's fourth; in addition to the Caymans, it also has bases in Virginia and Dublin, Ireland.

"I knew the next step for Admiral Administration was to expand our global footprint. When Nova Scotia Business Inc. approached us, we realized Nova Scotia was the right competitive jurisdiction for us," managing director Canover Watson said. "Nova Scotia offers a great location, competitive costs and talented labor. It is the perfect fit."

Admiral has some US$20 billion in assets under administration.

"By many measures Halifax would be considered the fastest growing hedge fund administration center in Canada most recently, as existing administrators expand their Halifax operations and new entrants establish them," KPMG Canada's Peter Hayes said. "Based on my experience, the administrators that have chosen Halifax would consider the relatively high quality of employees they've been able to source and the cost effectiveness of the jurisdiction compared to the more traditional hedge fund servicing centers as strong factors in favor of the city."


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.