Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2013

Servicers' Spot: Meridian

Meridian launches acceleration platform for emerging funds

Precy Dumlao, Opalesque Asia:

Independent fund administrator Meridian Fund Services has launched the Meridian Ascension Platform (MAP), solution for emerging funds which seeks to accelerate their profile and capital raising efforts.

In a press statement, Meridian said that MAP works by joining a platform built to reduce star- up costs, organizational and infrastructure burdens, and timeto- market. MAP, a multiple series Delaware limited liability company, will house emerging funds that join the platform in their own segregated series, which allows a fund manager the freedom to run a strategy as if it were a stand-alone fund.

Meridian's Chairman, Tom Davis, saidthat the key features of MAP include:

  • availability to both new and existing managers;
  • assistance with fund formation and structuring;
  • a reduction in legal costs through the provision of template fund offering documents;
  • full support for the manager and the fund's investors during the ramp up stage of a launch;
  • insight and select offerings in respect of industry best practices; and
  • competitive administration fees
Background

In August this year, Meridian Fund announced the appointment of Fergus Healy as the Group's new CEO effective August 15, 2013. Healy was most recently at JP Morgan Chase in New York as an Executive Director of Alternative Markets Group. Mr. Healy has enjoyed a distinguished career in the hedge fund and private equity industries, which he commenced in 1996 at the Global Fund Services Division of the Bank of Bermuda (now HSBC) as a legal counsel.

......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Manager Profile: Leon Cooperman: The stock market is 'fairly valued,' but the bond market is 'overvalued'[more]

    From Businessinsider.com: Leon Cooperman of Omega Advisors and Howard Marks of Oaktree just finished a panel at Bloomberg's Most Influential Summit. Bloomberg TV's Stephanie Ruhle was the moderator. The two titans, who have known each other for 40 years, spoke about the market and the state of

  4. North America - Some newly registered U.S. hedge fund advisers are ‘cherrypicking’[more]

    From Reuters.com: Some newly registered U.S. hedge fund advisers are "cherry-picking" investments to showcase their performance and improperly changing how they value securities, an agency official said on Monday. Andrew Bowden, head of the SEC's Office of Compliance, Inspections and Examinati

  5. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar