Sat, Jun 25, 2016
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider