Depository Picks Dublin For Hedge Fund Services Center

Nov 29 2012 | 11:41am ET

Deutsche Börse's depositary arm has opened a new office in Dublin focused on hedge fund clients.

Clearstream said its new investment fund center will process orders and make settlements for hedge fund and other investment fund clients. The firm has some 100,000 such funds on its order-routing platform.

"Ireland is a global hub for the funds industry and today's announcement further enhances the range of services and companies located in Dub," Michael Noonan, Ireland's finance minister, said. For its part, Clearstream lauded Ireland's status as "a domicile and servicing center for the hedge funds industry on top of the excellent talent pool for this particular industry."

Clearstream has already dipped into that pool, hiring 15 staffers. The company said the Dublin office could eventually grow to house 100 employees.

Dublin beat out the current headquarters of Clearstream's investment fund operations, Luxembourg for the new center. The new office is led by Christian Westerholt, former head of investment fund services product development at Clearstream.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note