Wednesday, 24 August 2016
Last updated 16 min 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.