Wednesday, 1 April 2015
Last updated 2 hours ago
Nov 12 2012 | 12:43pm ET
Consolidation in the hedge fund administration space continues apace with Maitland Group's acquisition of Admiral Administration.
Maitland announced last week that it had acquired Admiral. Terms of the deal were not disclosed.
The combined firm will have $145 billion in assets under administration, 700 employees and 15 offices in 13 countries, Maitland said. Admiral brings with it presences in the Cayman Islands; Dublin, Ireland; Halifax, Nova Scotia; and Richmond, Va.
"Admiral is a premier specialist provider of hedge fund administration services and represents a strong franchise with industry leading technology," Maitland CEO Steve Georgala said. "The deal offers strategically attractive and financially compelling synergies. Admiral's hedge fund services expertise and award winning technology will enhance Maitland's fund services capabilities."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…