Tue, May 3, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n