Tech. Firm Abacus Opens Dallas Office

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...