Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Hedge Fund Administrator Acquired by NY Capital Markets Firm

May 22, 2013
Jing Chen

New York-based capital markets and investment banking firm North Street Group announced Wednesday the acquisition of a New York-based hedge fund administrator.

North Street managing partner Alex Mascioli explained that the “strategic acquisition of Hedge Fund Solutions allows North Street to enter the alternative asset management space and expand its service offerings.”

North Street will also rebrand Philadelphia-based Hedge Fund Solutions to North Street Global Fund Services. Terms of the agreement were not disclosed.

eVestment was unable to reach North Street for further comments.

Source: 

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