North Street Global Fund Services Enters 4th Quarter of 2013 Adding Six New Alternative Asset Fund Clients with Total Assets under Management of $445 Million
North Street Global Fund Services, an alternative asset fund administrator, added six new hedge fund clients going into the fourth quarter of 2013 amidst an achievement of a milestone in the industry.
According
to Hedge Fund Research (HFR), a leading company specializing in the
indexation and analysis of hedge funds, investor inflows of capital
surged to a fifth quarterly record in 3Q13. That statistic brings the
total capital in hedge funds to around $2.51 trillion.
North Street LP Managing Partner Alex Mascioli said "Our service provider business unit has definitely been benefiting from the increase in investor confidence both through further allocation to our established fund clients and with a resurgence of emerging managers launching new funds".
North Street LP Managing Partner Alex Mascioli said "Our service provider business unit has definitely been benefiting from the increase in investor confidence both through further allocation to our established fund clients and with a resurgence of emerging managers launching new funds".
Dean Betzios and Joseph Musto,
Co-Heads of North Street Global Fund Services, both agreed adding that
they are witnessing more emerging managers launching new hedge funds
than a year ago and expect that trend to continue into 2014.
Mr. Musto added "Even in the aftermath of the government shut down and the geo-political landscape with Syria, we haven't really seen a negative impact within the investment community or fund allocations as some might have expected".
About North Street Global Fund Services
North
Street Global Fund Services is an alternative asset fund administration
firm. We offer a wide range of services at competitive prices for
funds of any size or structure. We work with clients in various stages
of their business life cycles. Whether you are a start-up fund or a
well-established fund we can add value at any point providing fund
administration services or our all-inclusive "Fund Launch" package, and
technology and reporting solutions. North Street client assets under
administration include level 1, 2 and 3 securities from equities to
structured products and we serve; hedge funds, private equity funds and
fund of funds. At North Street Global Fund Services, our experience is
what sets us apart. With industry veteran understanding of the North
American, European, Asian and the Emerging Markets, we provide a unique
level of service and knowledge. For more information visit www.NorthStreetFundServices.com
About North Street LP
North Street LP is a diversified financial services holding company and the parent of North Street Global Fund Services, LLC and North Street Capital Markets, LLC. For more information visit www.NorthStreetLP.com
North Street LP is a diversified financial services holding company and the parent of North Street Global Fund Services, LLC and North Street Capital Markets, LLC. For more information visit www.NorthStreetLP.com
