Deutsche Bank Acquires $10B Hedge Fund Administrator

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note