Administrators Fulcrum, Butterfield To Merge

Aug 5 2008 | 10:18am ET

Global hedge fund administrator Fulcrum Group and Butterfield Fund Services have agreed to merge to create Butterfield Fulcrum Group.

The new entity, like its predecessors, will be headquartered in Bermuda and will have close to $100 billion in assets under administration and nearly 1,000 hedge fund, fund of funds, private equity and institutional investment management clients. BFG is expected to rank among the top 10 independent alternative asset fund administrators in the world following the completion of the merger.

Butterfield will retain a substantial equity stake and 3i, an existing private equity shareholder in Fulcrum Group, will own a majority interest in Butterfield Fulcrum Group.

“This is an enormous win-win for both companies that will leverage sales and operational capabilities of Fulcrum Group, and the tremendous customer relationships and global reputation of Butterfield Bank Group,” said Akshaya Bhargava, CEO of Fulcrum Group, who will become CEO of BFG.

“Our vision is to create the best fund administration company in the world."


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note