ALPS Adds Administrator Price Meadows

May 16 2008 | 9:34am ET

ALPS Fund Services has acquired fellow hedge fund administrator Price Meadows Inc. Terms of the transaction were not disclosed.

Price Meadows, based in Bellevue, Wash., has more than $6 billion in assets under administration. The firm was founded in 1987 by Kelley Price and Rick Meadows, who will remain with the newly-renamed ALPS Price Meadows, joined by Paul Garvey, ALPS director of alternative investment services.

“Like ALPS, Price Meadows is committed to providing excellent client service,” Ned Burke, president of ALPS, which boasts about $32 billion in assets under administration, said. “ALPS Price Meadows combines the strengths of both firms to create a top-tier service provider to the alternative investment industry.”

ALPS Price Meadows is planning to expand to the Cayman Islands and Europe to supplement its U.S. offices in Bellevue, Boston and Denver.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of