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.
 


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...