Friday, 27 March 2015
Last updated 1 hour ago
May 23 2013 | 11:10am ET
Boutique investment bank North Street Group is getting into the hedge fund administration business with the acquisition of Hedge Fund Solutions.
North Street said it had acquired the New York-based administrator and renamed it North Street Global Fund Services. Terms of the deal were not disclosed.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," North Street's Alex Mascioli said.
HFS' Dean Betzios said the deal would allow his firm to "strengthen its infrastructure," while his co-head, Joseph Musto, said "it sets the foundation to allow us to grow alongside the funds we service."
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…