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:
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.
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