Fri, Oct 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IDS Group in partnership with LC Abelheim Launches in Mauritius

Tuesday, June 01, 2010
Opalesque Industry Update - IDS Group (IDS), the global specialist investment administrator, has partnered with LC Abelheim (LCA), a Mauritian based Management Company to offer fund administration to the Indian Ocean region.

Together IDS and LCA will be able to offer 3rd party fund administration services of an international standard. IDS uses the Pacific Funds Administration system and has an excellent reputation for providing services for hedge funds and other specialist investment funds.

Ian Hamilton, Chairman of IDS Group says: “Mauritius is a natural expansion market due to its strong links with the eastern markets, its healthy financial market successes and strong business ethics. Mauritius has an attractive administration market due to the lack of many international specialists and the local industry not utilizing specialist administration systems intensively. Mauritius being only 3 hours ahead of Europe makes it easy to do business with Africa and Europe. Its growing offshore centre holds a wealth of opportunity within the specialist administration sector. “

Aziza Moraby, Managing Director of LCA is delighted to be able to offer a world class service to Mauritian and international clients with the support of IDS: “We are off to a good start with fifteen funds from Skybound, a client of LCA. This is a good foundation for a solid business. We expect strong demand for the services offered as this is a highly professional offering that utilizes best global practices thereby ensuring that the more rigorous demands of investors in the post Madoff era are satisfied.”

The IDS Group is in the process of expanding their international footprint and has offices in South Africa, Malta and the UK. 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad