Thursday, 28 August 2014
Last updated 4 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."
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…
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 ...