Sat, Apr 29, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob