Custom House Fund Services Acquires U.S. Clients of Dundee Leeds

Jul 20 2015 | 2:43pm ET

Custom House Fund Services has acquired the majority of the U.S. clients of the former Dundee Leeds Management Services.  The transition became effective June 1 and represents $1 billion in assets. 

The deal builds on the momentum gathered by Customs House following its separation from TMF Group earlier this year, according to a company statement. Custom House has expanded in Asian markets and implemented enhancements to its proprietary Gateway technology platform. 

“It has been gratifying that the management of Dundee Leeds and their clients recognize our commitment to the industry and strong management team,” said Mark Hedderman, CEO of Custom House, in the statement. “The choice of Custom House by these new clients to handle their fund administration business is a clear reflection of our independence and history of successful client partnerships that are in the best interests of all parties.”

 “We know that our former clients will be well served by Custom House, which has long  been recognized for their service-focused administration services,” said Jean Francois Thibault, chief administration officer of Dundee Corporation.

Founded in Dublin in 1989 by Dermot Butler, Custom House Fund Services is a leading global fund administration provider for hedge funds, CTAs, private equity firms, venture capital firms, family offices and other alternative investment funds.

The company has more than $20 billion in assets under administration across more than 200 managers and 500 investment funds.

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