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

News Archive

Read More Industry News >

Abacus Group Expands to Dallas

Oct 24, 2013
Jing Chen

Hedge fund technology provider Abacus Group announced Wednesday that it has opened a new office in Dallas to support the growing client base in the region.

Abacus’ expansion was prompted by the form’s increased demand in the Dallas market from new and existing fund managers. Abacus, who also has locations in New York, San Francisco and Connecticut, launched 57 new funds this year.

The firm said in the statement that its growing demand is due to the new regulations imposed under the Dodd-Frank Act, which has increased the cost of technology that hedge funds require to follow guidelines. The increased cost has forced hedge funds to outsource those services to specialty firms in order to access more “robust business and compliance technology at a lower price point.”

Abacus helps hedge funds, as well as private equity funds deploy and manage hosted IT solutions by minimizing the risks and costs associated with implementing technology for their firms.

 

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More