Caledonian Heads For Sunshine State

Feb 15 2008 | 11:27am ET

Caledonian Global Fund Services has opened a new operations center in Orlando, Fla., that will provide centralized infrastructure for the group including post trade capture, reconciliations, valuations, fund accounting and IT support.

The new facility will be initially staffed by a team of 25, reporting to Kate Joseph, most recently a senior project manager and then training manager at CITCO in New York.

“This is an important step as our business expands and the needs of our clients and the hedge fund industry continue to grow and evolve,” said David Walker, CEO. “We will gain efficiencies and streamline operations in our Chicago, Cayman Islands and Isle of Man offices, and will provide the group with the scalability and robust infrastructure required for future growth and development.”

Caledonian administers over $15 billion in assets and offers an outsourced and automated front to back office solution for hedge funds and private equity funds.

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