Money Management Executive

U.K. Hedge Manager Hires JPMorgan Unit

Published June 01, 2006, 1:00 a.m. EDT

1 Min Read

Henderson Global Investors, a London asset manager, has just announced it has agreed to outsource its middle- and back-office hedge fund services to JPMorgan Hedge Fund Services.

Processing Content

The JPMorgan Chase unit is to take over Henderson's hedge fund middle- and back-office operation and its employees who serve 14 hedge funds with about $2 billion of assets. Henderson, which manages $126.3 billion in all, signed a multiyear contract for daily operational services and fund administration.

The agreement came two months after JPMorgan bought the middle- and back-office operations of Paloma Partners Management in Greenwich, Conn., in order to expand its hedge fund services business.

For reprint and licensing requests for this article, click here.

Money Management Executive

MORE FROM FINANCIAL PLANNING

Tax

Avoid these pitfalls with generation-skipping and dynasty trusts

Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.

By Tobias Salinger
Chief Correspondent

2h ago
Wealth management

'All of wealth management is going on sale': Steward Partners CEO on M&A boom

Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."

By Dan Shaw
Reporter

May 26
Know Your Niche

The $500M RIA that took off by microtargeting clients

Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.

By Brian Wallheimer
Editor-in-chief

May 22
Wealth management

Private business, even more confidential fees: The cost of Fidelity custody

Fidelity Institutional Wealth Management Services faces competitive threats in an era of ETFs and multicustodian advisory practices. But it has big advantages.

By Tobias Salinger
Chief Correspondent

May 21
Social Security

Bipartisan plan to fund Social Security with stocks has fatal flaw, researchers say

A bipartisan proposal to create a 75-year sovereign wealth fund for Social Security is not promising, according to Boston College researchers.

By Zoe Sagalow
Reporter

May 21
Technology

Clients put advisors on notice about sneaky AI use

According to a recent survey by Janus Henderson, 79% of clients said they would be upset to learn an advisor used AI without telling them.

By Grace L. Williams
Reporter

May 21

Load More