Mitsubishi UFJ Fund Services is to acquire Meridian Fund Services as the firm continues to expand.
Mitsubishi UFJ Financial Group is actively considering further acquisitions of hedge fund administrators following its purchase of Butterfield Fulcrum.
TMF Group is to acquire the remaining 49% stake in Custom House Global Fund Services.
Conifer Group and Vastardis are to merge as consolidations continue in the hedge fund administration market.
The inability of boutique fund administrators to invest in systems and technology catering to hedge funds’ regulatory reporting requirements will facilitate a new surge in M&A activity, the COO at the recently acquired Butterfield Fulcrum has
Here is a summary of the top hedge fund stories for the week ending June 28
Mitsubishi UFJ Trust and Banking Corporation (MUTB) is to acquire Butterfield Fulcrum, the Bermuda-based fund administrator in what is the latest M&A deal in the space.