Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner