Accounting firm Grassi & Co. has a new hedge fund administration division.
The New York firm announced the launch of Grassi Fund Administration Services. The unit will take over the $3.6 billion already administered by Grassi & Co.
GFAS will be led by Jim Anziano and Avi Rosenblatt.
“We are excited to have Grassi Fund Administration Services, Inc. build on the level of service and market reputation we have established with more than 250 funds,” managing partner Louis Grassi said. “Launching an entity that is solely focused on assisting managers with their daily accounting and administration operations will enable us to provide an even higher quality of service to help them meet their strategic objectives.”