Wed, Sep 3, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Great Lakes Fund Solutions, Inc. is acquired and re-branded Marcal Systems Corporation

Tuesday, March 06, 2012
Opalesque Industry Update: Great Lakes Fund Solutions, Inc. (GLFSI or the Company) today announces its new name and management following the sale of Marcal Systems Corporation to Mark Lancaster, the Company’s new President.

Marc Veeneman, the co-founder and former President of the Company, continues to serve as a consultant to the firm. He says, “The approach that we took at the founding of the Company 28 years ago continues to drive its success. Great Lakes Fund Solutions fulfills a wide array of operational and custom IT needs for both private and public fund sponsors. The Company goes beyond traditional fund administration by supporting the operational elements of fund distribution, a demanding undertaking that relies on our custom-built technology.”

Mark Lancaster concurs, adding, “The Company’s selling agent support and sales material fulfillment functions are unique among alternative fund administrators. GLFSI supplies sales kits, calculates upfront and trailing commissions, and hosts custom Web sites that supply key management information to each fund’s selling agents.”

Veeneman adds, “The timing is great for someone with Mark Lancaster’s deep industry connections and business development skills to take the helm. Managed Futures funds --a GLFSI mainstay-- are now very popular and positioned for continued growth, given the asset class’s history of no to low correlation to the performance of the equity markets.”

GLFSI

Press Release

BM

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius