Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Helvetic Fund Administration Ltd acquires Capita Financial Administrators (Gibraltar) Ltd

Monday, March 28, 2011
Opalesque Industry Update - Helvetic Fund Administration Ltd, Gibraltar’s longest established fund administration company, (the Company or Helvetic) announces that it has completed the migration of the NAV’s (Net Asset Value) with the acquisition of Capita Financial Administrators (Gibraltar) Ltd (or ‘Capita’). The acquisition sees the transfer of Capita Gibraltar staff and over £500 million of assets under administration to Helvetic.

Helvetic Fund Administration has operated in Gibraltar since 1998. As the first fund administration company in Gibraltar, Helvetic was licensed by the Financial Services Commission (FSC) in Gibraltar with the introduction of a licensing regime for the fund administration industry. Helvetic has extensive experience in supporting sophisticated hedge fund structures and investment vehicles. The company focuses on maintaining a close working relationship with clients in order to provide them with services superior in quality, efficiency and responsiveness.

Helvetic’s accounting and administration teams have thorough knowledge of different investment structures and are able to provide comprehensive tailor-made solutions to ensure the type of structure chosen for the client meets their pre-defined requirements. The company ensures that new funds are integrated successfully by being involved in all stages of the process, from initial consultation and set-up to the provision of valuations and all ongoing support necessary to ensure the smooth running of the fund.

As the longest established fund administration company in Gibraltar, Helvetic was uniquely positioned to migrate Capita’s existing operations into its own operation.

During the acquisition, Capita continued to provide outsourced back office functions via Capita Sinclair Henderson Limited, part of the Capita Financial Group, located in Exeter, UK.

Nicola Smith, CEO of Helvetic Fund Administration Ltd explains, “We have now completed the full integration of Capita Financial Administrators (Gibraltar) Ltd into our operations and welcomed new staff members to our company. We are known for our experience, expertise and high service levels in Gibraltar and are pleased that not only have we been able to retain jobs, but we have also accomplished this with zero disruption to clients during the integration process. Adding over £500 million to our assets under administration positions us as clear leaders in our industry in Gibraltar and provides us with a sound basis for the future growth of our business internationally. We are very pleased that we have reached this important milestone.”...Corporate website:Source
-KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie