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.
For more information contact:
Guido Wagenaar, Orangefield Global Head of Business Development. t: +31205405889 |
m: +31 6 54956301 |Guido.Wagenaar@orangefield.com
Joe Holman, CEO Orangefield-Columbus Fund Services USA. t: +212-500-6200 | m: +917-319-5624 |email@example.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.