JPMorgan Hedge Fund Services Snags $10B Fund of Funds Account

Sep 19 2007 | 12:09pm ET

JPMorgan Hedge Fund Services has gained ground in the increasingly competitive world of fund administration by winning a contract to handle Financial Risk Management’s fund of funds accounts.
 
JPMorgan Hedge Fund Services will provide fund accounting, financial reporting, transfer agency, partnership allocations and custody services to over $10 billion of assets in portfolios managed by FRM.
 
"FRM's history of leadership, investment performance and innovation in the fund of hedge funds market makes them an ideal partner for us,” said Robert Caporale, global head of JPMorgan Hedge Fund Services.
 
JPMorgan's Hedge Fund Services business has operations in five countries and plans to increase this number. The firm provides services to more than 240 funds representing approximately $75 billion in assets under management.
 


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...