Wed, Oct 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund and family office middle office firms merge and announce Hong Kong as global base

Wednesday, August 14, 2013

Beverly Chandler, Opalesque London:

HFO and GFS Pty Ltd announced a merger this week with added news that the combined company will be headquartered in Hong Kong. In an interview with Opalesque, Ben Parker, HFO founder and chief executive officer of the company, explained that his firm provides middle and back office operational solutions to managers, so they fit between the manager and the execution and portfolio management processes and between fund administrators and prime brokers. Their target market is hedge funds, family offices and institutional funds.

"We are an alternative to resourcing those functions internally," Parker says. "We are an institutional scalable option to running those functions in-house." Parker has impeccable hedge fund credentials having been CEO and CFO of Tudor-seeded Arnott Capital in Sydney for five years and before that the London representative for SAC Capital (in happier times for that company) for five years.

Arnott Capital built up to $1bn under management but was hit by the global financial crisis. "At Arnott, as a hedge fund, we had invested in building our own internal support system and we saw an opportunity to support our peers who were struggling to find the expertise. So we kicked off in 2010 supporting other hedge funds and small family offices and our business has grown to where we now support about 40 individual funds" Parker says. The merger with GFS came as P......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is