Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investment bank North Street Group acquires fund administrator Hedge Fund Solutions

Thursday, May 23, 2013
Opalesque Industry Update -- North Street Group, a capital markets and investment banking firm, today announced the acquisition of Hedge Fund Solutions, LLC, a New York based Alternative Asset Service Provider. Additionally, North Street Group announced the name change and rebranding of Hedge Fund Solutions, LLC to North Street Global Fund Services, LLC. Terms of the agreement were not disclosed.

Hedge Fund Solutions offers industry leading fund administration for both emerging and established alternative asset managers.

"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," said Alex Mascioli , Managing Partner of North Street Group.

Co-Head of North Street Global Fund Services Dean Betzios stated, "The transaction with North Street allows Hedge Fund Solutions' fund services to strengthen its infrastructure for our clients' needs."

"We're excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service," said Joseph Musto , Co-Head of North Street Global Fund Services.

For more information please visit www.NorthStreetFundServices.com.

About North Street Group; North Street is a capital markets and investment banking firm based in New York City.

About Hedge Fund Solutions, LLC.; Hedge Fund Solutions is an industry leading fund administration firm in the alternative asset management industry.

press release

Bg

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner