Fri, Feb 23, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

North Street Global’s CEO Alex Mascioli announces acquisition of Los Angeles based hedge fund administrator

Thursday, May 29, 2014
Opalesque Industry Update - North Street Global Fund Services, an alternative asset administrator, announced today that it has closed on its acquisition of Los Angeles based hedge fund administrator Hedge Solutions, Inc.

North Street Global Fund Services COO, Joseph Musto, who co-headed the acquisition team noted: “Hedge Solutions is a great fit into the North Street Global family and further acts as a clear indication of our commitment to growing our resources to better serve our clients.”

This acquisition by North Street is its second such transaction in the last 12 months and additionally expanded the firm geographically to the west coast. North Street will keep Hedge Solutions’ staffed Los Angeles office on Wilshire Blvd. and has retained former Hedge Solutions President, Scott Cohen, as Managing Director; Head of West Coast operations. Mr. Cohen, prior to founding Hedge Solutions in 2005, worked at Rothstein Kass and Ernst & Young LLP and has successfully guided the launch of over 50 funds during his 17 year career.

Mr. Cohen will be based out of the company’s west coast office and will report to Dean Betzios, North Street’s fund services Global Head of Sales.

“We are excited by the new additions to our existing alternative investment business and look forward to carrying our growth momentum through the remainder of the year,” said Mr. Betzios.

North Street Global Fund Services, a subsidiary of financial services company North Street Global, provides an array of alternative asset fund administration and investor services to hedge funds, private equity and real estate funds, and family offices. Paul Marino and Robert Cromwell of Marino Partners LLP, a White Plains, New York based corporate and financial services law firm which specializes in mergers & acquisitions along with private equity and hedge fund representation, served as legal counsel to North Street on the transaction.

North Street Global

Press Release

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 Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  2. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  3. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac

  4. Low volatility funds fail to protect investors[more]

    From FT.com: A number of exchange traded funds (ETFs) designed to protect investors from sharp stock market gyrations lost more money than mainstream US stocks during a sell-off this month, underperforming in precisely the conditions in which they were meant to thrive. Low volatility ETFs, lau

  5. Legal - Hedge funds fight to save M&A arbitrage strategy, Fannie Mae and Freddie Mac ruling blow to hedge funds[more]

    Hedge funds fight to save M&A arbitrage strategy From FT.com: Hedge funds which use the US courts to wring higher prices for merger and acquisition deals are fighting to save the lucrative investment strategy, after a Delaware court ruling that threatens to shut it down. Verition Partner