Mon, Dec 11, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Orangefield Group acquires fund administrator Columbus Avenue

Wednesday, December 05, 2012
Opalesque Industry Update: Orangefield Group, a global service provider of administration, management and trust services announced it has acquired leading hedge fund administrator Columbus Avenue Consulting LLC. The division will officially operate under the Orangefield-Columbus brand.

Orangefield-Columbus has over $25 billion in assets under administration. Clients will continue to work with their same management teams and benefit from a global suite of operational capabilities and services.

Entering into North America with a hedge fund focus is a strategic choice. To maximize the level of service to clients worldwide, Orangefield takes on a very focused expansion approach. According to Joep Bruins, CEO of Orangefield, the acquisition of Columbus Avenue is a perfect example of that approach. Bruins: “We enter North America by providing hedge fund services for which we are already leading the industry. Partnering with Columbus Avenue sets us up for success in North America. It also creates a strong base for offering Orangefield corporate services to US clients looking to establish and manage legal entities worldwide.”

Joe Holman, Founder and Managing Partner of Columbus Avenue “Orangefield has a very broad portfolio in corporate services and fund administration in Europe and Asia, complementing Columbus’s focus on the hedge fund industry in the US. “ According to Holman, both companies’ views on applying innovative systems align seamlessly, even on a detailed level. “Like Columbus Avenue, Orangefield is walking in the forefront of applying cutting-edge technologies. I am pleased to say that we completely see eye to eye when it comes to knowing what is in the best interest of our valued hedge fund clients,” concludes Holman.

Orangefield

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. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans