Tuesday, 29 July 2014
Last updated 9 hours ago
Oct 24 2013 | 9:37am ET
Hedge fund technology services firm Abacus Group is expanding to a center for the energy hedge fund sector.
The New York-based company has opened an office in Dallas. Abacus said the move was prompted by the growth of its client base in the region; the company has added 57 new clients this year, it said.
"Firms are increasingly looking to outsourced services to access more robust business and compliance technology at a lower price point," business development director Jason Elmer said. "Expanding into growing financial markets such as Dallas is a significant step for Abacus as we are now better positioned to deliver value to the fund management community in this region."
The Dallas office is Abacus' fourth; the company also has bases in Greenwich, Conn., and San Francisco.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…