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Operations

SS&C Technologies considers rival bid for hedge fund administrator GlobeOp

TPG’s acquisition of GlobeOp could turn into a bidding war if rival fund administrator SS&C Technologies enters the fray

Hedge Funds Review | 06 Feb 2012secure

fight-over-money

Hedge fund administrator GlobeOp to be acquired by private equity group

Private equity group TPG Partners is poised to acquire hedge fund administrator GlobeOp Financial Services in a cash deal said to be valued at around $802 million.

Hedge Funds Review | 01 Feb 2012secure

Valuation issues stress relationship between hedge fund managers and investors

The valuation of hedge fund assets has become an issue fraught with tension. Fund administrators say they are up to the task. Fund managers believe they alone have the knowledge needed.

Hedge Funds Review | 30 Jan 2012secure

Asian hedge fund size increasing as managers embrace better corporate governance

Asian-based hedge funds are increasing in size as more embrace good governance aimed at attracting institutional money, according to BNY Mellon’s head of alternative investment services in Asia.

Hedge Funds Review | 16 Jan 2012secure

Hedge fund administrator GlobeOp confirms takeover talks with private equity investors

GlobeOp is in takeover talks with Advent International Corp and TPG Capital. No offer has been made yet. The move comes as the company undertakes a strategic review aimed at boosting its share price.

Hedge Funds Review | 06 Jan 2012secure

Fund administrators continue to see strong business growth in Malta

Known as a good location for smaller start-ups, Malta’s fund administrators are beginning to see more variety and larger sized funds considering the jurisdiction, although AuA remain small.

Hedge Funds Review | 20 Dec 2011secure

Malta accountants see expansion of hedge fund industry boosting bottom line

As Malta’s funds sector and the overall financial services industry grows, accountancy firms are finding it difficult to find enough staff and are using global networks for expertise and experience....

Hedge Funds Review | 20 Dec 2011secure

Lack of choice of custodian slows Malta’s progress as a European fund jurisdiction

With only a couple internationally recognised custodians operating in Malta, the regulator is keen to attract more competition before European Union legislation hits the statue books.

Hedge Funds Review | 20 Dec 2011secure

Citco see opportunities for fund administrators with exchange clearing of OTC derivatives

Citco expects more money to flow into the hedge fund sector in 2012 but with it comes more demanding conditions imposed by institutional investors keen to have transparency and better risk controls.

Hedge Funds Review | 12 Dec 2011secure

Vote of confidence for providers in results from service provider rankings 2011

Service providers play a key role in the smooth operation of hedge fund management companies. Their role has become even more central as increased regulation and risk controls take centre stage.

Hedge Funds Review | 12 Dec 2011secure

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