Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fund administrators Conifer Group and Vastardis Capital on the merger wagon

Tuesday, February 04, 2014

Komfie Manalo, Opalesque Asia:

Hedge fund service provider Conifer Group and fund administration firm Vastardis Capital Services Holdings have signed a definitive merger agreement to combine their respective businesses to create one of the largest independent alternative asset services firms offering expanded capabilities to clients on a global scale, it was announced yesterday.

The new firm will be called Conifer Financial Services, LLC. It will have combined assets under administration of more than $70bn and offer trade execution services to over 200 clients worldwide. Jack McDonald, currently CEO of Conifer Group, will become president and CEO. William Vastardis, founder and president of Vastardis, will be named chairman.

Conifer Financial Services will be headquartered in San Francisco, with plans underway to combine their respective New York and San Francisco locations. Clients will continue to be served by their current client service teams, and there will be no immediate change to the respective "front end" reporting systems.

The merger is expected to close at the end of the first quarter of 2014, following regulatory approvals and customary closing conditions.

......................

To view our full article Click here

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int