LaCrosse Aims To Become Market Leader In Fund Admin. Space

Outsourcing middle and back office support is an obvious, but little-used way for large hedge fund managers to cut costs, and one firm is positioning itself to take advantage of what it sees as an untapped sector ripe for growth.

“Fund [administration] costs are going up but revenues haven’t been able to keep pace,” says Stuart Feffer, Co-Chief Executive Officer of the recently-formed LaCrosse Global Fund Services, an independently run hedge fund service provider and administrator.