Thursday, 21 August 2014
Last updated 7 hours ago
Feb 1 2008 | 11:20am ET
Deutsche Bank yesterday said it acquired HedgeWorks, a hedge fund administrator with more than $10 billion in assets under administration. The move is aimed at bolstering Deutsche's existing alternative asset administration business.
HedgeWorks, based in Carlsbad, Calif., provides independent administrative services to over 100 hedge funds, including both single-manager funds and fund of hedge funds.
"HedgeWorks is a strong fit with our business,” said F. Jim Della Sala, head of structured finance services at Deutsche Bank. “It complements our core strengths of providing high-quality third-party administrative services to the financial community, and the acquisition enables us to further strengthen our service offering to the hedge fund industry, where Deutsche Bank already has strong relationships.”
Deutsche Bank currently offers administrative services to alternative asset managers from its offices in the Cayman Islands, Delaware, the Channel Islands, Ireland, Luxembourg and Mauritius.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note