Jul 17 2012 | 7:41am ET
State Street Corp. has agreed to acquire Goldman Sachs' hedge fund administration arm for $550 million.
The purchase of Goldman Sachs Administration Services in is expected to be finalized in the fourth quarter. GSAS administers approximately $200 billion in single-manager hedge fund assets on behalf of approximately 150 investment manager clients worldwide.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…