Hedge Fund Service Providers Merge

Jul 1 2013 | 1:17am ET

Hedge fund service provider Broadridge Financial Solutions has struck a deal for a fellow asset-management servicer.

The Lake Success, N.Y.-based firm said it would add Boston-based Bonaire Software Solutions, which provides fee calculation, billing, and revenue and expense management services to a variety of money managers, including hedge funds.

"Bonaire is a great strategic fit for Broadridge. Its market-leading suite of solutions will extend Broadridge's offerings for asset managers, wealth managers and mutual funds, while strengthening our platform for the future," Broadridge CEO Richard Daley said,. "Broadridge will help Bonaire enhance its strong track record of growth by leveraging our client relationships and technology solutions in the U.S. and globally."


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...