Orangefield Group Acquires Columbus Avenue
(Thomson Reuters ONE) -
Amsterdam, December 6, 2012 - Orangefield Group, a global service provider of
administration, management and trust services announced it has acquired leading
hedge fund administrator Columbus Avenue Consulting LLC.
The division will officially operate under the Orangefield-Columbus brand.
Orangefield-Columbus has over $25 billion in assets under administration.
Clients will continue to work with their same management teams and benefit from
a global suite of operational capabilities and services.
Entering into North America with a hedge fund focus is a strategic choice. To
maximize the level of service to clients worldwide, Orangefield takes on a very
focused expansion approach. According to Joep Bruins, CEO of Orangefield, the
acquisition of Columbus Avenue is a perfect example of that approach.
Bruins: "We enter North America by providing hedge fund services for which we
are already leading the industry.Partnering with Columbus Avenue sets us up for
success in North America. It also creates a strong base for offering Orangefield
corporate services to US clients looking to establish and manage legal entities
worldwide."
Joe Holman, Founder and Managing Partner of Columbus Avenue "Orangefield has a
very broad portfolio in corporate services and fund administration in Europe and
Asia, complementing Columbus's focus on the hedge fund industry in the US. "
According to Holman, both companies' views on applying innovative systems align
seamlessly, even on a detailed level. "Like Columbus Avenue, Orangefield is
walking in the forefront of applying cutting-edge technologies. I am pleased to
say that we completely see eye to eye when it comes to knowing what is in the
best interest of our valued hedge fund clients," concludes Holman.
## end
Notes to editors.
For more information contact:
Guido Wagenaar, Orangefield Global Head of Business Development. t:
+31205405889 |
m: +31 6 54956301 |Guido.Wagenaar(at)orangefield.com
Joe Holman, CEO Orangefield-Columbus Fund Services USA. t: +212-500-6200 | m:
+917-319-5624 |jholman(at)columbusavenue.com
About Orangefield Group
Orangefield is a global full service corporate service provider and fund
administrator, with more than 40 years of experience, providing a wide range of
fund administration, management, administrative and trust services to funds,
corporate clients and private clients all over the world. Orangefield is ISAE
3402 Type II (previously SAS 70) compliant; demonstrating the rigorous controls
and attention to detail expected in all accounting, cash management, investor
reporting and compliance responsibilities.
Orangefield Group has a strong global presence with offices in Europe, Asia,
Africa and the Caribbean. Orangefield Group headquarters is located in
Amsterdam. Dutch investor AAC Capital Partners holds a majority interest in
Orangefield Group.
For more information, visit www.orangefield.com
About Columbus Avenue
Columbus Avenue, founded in 2004, provides fund administration and middle & back
office outsourcing accounting to fund managers. Columbus has up to $7 billion in
assets under administration and over 50 employees worldwide. Our mission is to
provide timely and credible information to managers and investors via "best of
breed" technology, personalized service, smart transparency, strong quality
controls, and scalability. The Columbus Avenue model is flexible and designed to
give each client a customized service solution.
Columbus Avenue headquarters is located in New York with offices in Dallas and
Toronto.
For more information, visit www.columbusavenue.com.
Press Release Orangefield Group Acquires Columbus Avenue:
http://hugin.info/149357/R/1662879/539158.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Orangefield Group via Thomson Reuters ONE
[HUG#1662879]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 210228
Anzahl Zeichen: 4740
contact information:
Town:
Amsterdam
Kategorie:
Business News
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