Wells Fargo Renames LaCrosse Admin. Unit

Sep 11 2012 | 12:25pm ET

Wells Fargo & Co. has brought its newly-acquired hedge fund administration business fully into the fold, renaming it for itself.

The bank said that LaCrosse Fund Services, which it bought from Cargill late last year, will now be known as Wells Fargo Global Fund Services. The unit has more than $25 billion in assets under administration and offices in New York, Minneapolis, London, Dublin, Ireland, the Channel Island of Jersey, Singapore and Hong Kong.

“Since Wells Fargo acquired LaCrosse Global Fund Services last year, we have continued to expand our business and integrate with its global platform,” Stuart Feffer, co-head of the unit, said. “The new Wells Fargo Global Fund Services branding represents an opportunity to leverage Wells Fargo’s market reputation with our experience and expertise.”

“Our new name reflects Wells Fargo’s commitment to supporting our suite of hedge fund and private equity industry offerings,” Christopher Kundro, WFGFS's other co-head, added. “In addition, our clients are now able to leverage Wells Fargo's many other offerings for alternative investment managers.”

Wells Fargo paid an undisclosed sum for LaCrosse, which itself bought Bank of America Merrill Lynch's administration business in 2010.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

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

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.