Thursday, 20 October 2016
Last updated 11 min ago
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.