BNP Paribas acquires Credit Suisse's fund administration arm

BNP Paribas Securities Services has agreed to buy the fund administration arm of Credit Suisse creating a business with combined alternative Assets under Administration (AuA) of $231 billion.

Posted on: 01 Aug, 2014

Man acquires Numeric in latest deal

Man Group has acquired Numeric Holdings, a Boston-based quantitative equity manager with $14.7 billion in Assets under Management (AuM), just weeks after it purchased Pine Grove, a $1 billion credit-focused fund of hedge funds.

Posted on: 19 Jun, 2014
Posted in: People Moves

Fitch Ratings predicts more selective M&A deals at asset managers

There is likely to be an increase in small, selective M&A (merger & acquisition) deals at European asset managers as these firms seek to diversify their product lines and expand their distribution capabilities, according to Fitch Ratings.

Posted on: 11 Jun, 2014
Posted in: People Moves

La Francaise and Tages Capital to merge funds of funds' businesses

The funds of hedge funds’ businesses of Tages Capital and La Francaise are to merge creating a joint venture with $3 billion in Assets under Management (AuM).

Posted on: 12 Feb, 2014
Posted in: People Moves

Conifer and Vastardis to merge

Conifer Group and Vastardis are to merge as consolidations continue in the hedge fund administration market.

Posted on: 03 Feb, 2014

Failure to invest in systems will spur more M&A in fund admins, says Butterfield Fulcrum

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

Posted on: 22 Jul, 2013

Hedge Fund News - Week ending 28 June

Here is a summary of the top hedge fund stories for the week ending June 28

Posted on: 28 Jun, 2013
Posted in: Investors

Mitsubishi UFJ to acquire Butterfield Fulcrum

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.

Posted on: 21 Jun, 2013

M&A to continue in fund admin space but not all lost for smaller shops just yet, says State Street AIS

Ninety-five percent of hedge fund administration will be undertaken by between six and eight providers within several years, although standalone firms are likely to be given a short-term reprieve if hedge fund performance and capital inflows pick

Posted on: 05 Feb, 2013

Predictions for 2013

  1. Uncertain macro environment will hinder performance.
  2. Do not get hopes up for a political agreement on the fiscal cliff.
Posted on: 20 Dec, 2012
Posted in: Investors


Subscribe to M&A