Hedgeopolis New York - Alex MascioliOn November 4th, 2013 the inaugural Hedgeopolis Conference took place at the Metropolitan Club in New York. Alex Mascioli of Platinum Sponsor North Street LP took a few moments to speak about his feedback on the conference.The conference, which was presented by The Hedge Fund Association and Agecroft Partners, was a full-day gathering of decision makers from leading endowments, foundations, fund of hedge funds, family offices, and pension funds.- Alex Mascioli, Managing Partner of North Street Groupwatch video
North Street Group closes acquisition of Alternative Asset Service Provider Hedge Fund Solutions, LLC
North Street Group, a capital markets and investment banking firm, today announced the acquisition of Hedge Fund Solutions, LLC, a New York based Alternative Asset Service Provider. Additionally, North Street Group announced the name change and rebranding of Hedge Fund Solutions, LLC to North Street Global Fund Services, LLC. Terms of the agreement were not disclosed.
Hedge Fund Solutions offers industry leading fund administration for both emerging and established alternative asset managers.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," said Alex Mascioli, Managing Partner of North Street Group.
Co-Head of North Street Global Fund Services Dean Betzios stated, "The transaction with North Street allows Hedge Fund Solutions' fund services to strengthen its infrastructure for our clients' needs."
"We're excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service," said Joseph Musto, Co-Head of North Street Global Fund Services.
About North Street Group; North Street is a capital markets and investment banking firm based in New York City.
About Hedge Fund Solutions, LLC.; Hedge Fund Solutions is an industry leading fund administration firm in the alternative asset management industry.
- Alex Mascioli, Managing Partner of North Street Group
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North Street Acquires Hedge Fund Solutions
North Street Group has acquired fund administrator Hedge Fund Solutions.
New York-based Hedge Fund Solutions offers fund administration for both emerging and established alternative asset managers. The company will be rebranded and its name will be changed to North Street Global Fund Services.
Terms of the agreement were not disclosed.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," said Alex Mascioli, managing partner of North Street Group.
- Alex Mascioli, Managing Partner of North Street Group
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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
Hedge Funds See Largest Global Investor Inflow Since 2011
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".
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
- Alex Mascioli, Managing Partner of North Street Group
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Additionally, North Street Group announced the name change and rebranding of Hedge Fund Solutions, LLC to North Street Global Fund Services, LLC.
Hedge Fund Solutions offers industry leading fund administration for both emerging and established alternative asset managers.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," said Alex Mascioli, Managing Partner of North Street Group.
Co-Head of North Street Global Fund Services Dean Betzios stated, "The transaction with North Street allows Hedge Fund Solutions’ fund services to strengthen its infrastructure for our clients’ needs."
“We’re excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service," said Joseph Musto, Co-Head of North Street Global Fund Services.
North Street is a capital markets and investment banking firm based in New York City.
Hedge Fund Solutions is an industry leading fund administration firm in the alternative asset management industry.
Teplen Law Group, PLLC acted as Legal Adviser to the Purchaser/Management team on the deal, led by Philip Teplen.
Alex Mascioli led the North Street Capital Markets, LLC team acting as Financial Adviser to the Purchaser/Management Team. Rackspace provided Virtual Data Room services. Terms of the agreement were not disclosed.
- Alex Mascioli, Managing Partner of North Street Group
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I-Bank Buys Administrator Hedge Fund Solutions
Boutique investment bank North Street Group is getting into the hedge fund administration business with the acquisition of Hedge Fund Solutions.
- Alex Mascioli, Managing Partner of North Street Group
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Capital markets and investment banking firm North Street Group has acquired New York-based Hedge Fund Solutions. Although terms of the agreement have not been disclosed, the deal means the alternative asset service provider will change its name and rebrand to North Street Global Fund Services.
Hedge Fund Solutions offers fund administration for both emerging and established alternative asset managers.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," says Alex Mascioli, managing partner of North Street Group.
Co-head of North Street Global Fund Services Dean Betzios stats, "The transaction with North Street allows Hedge Fund Solutions' fund services to strengthen its infrastructure for our clients' needs."
"We're excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service," adds Joseph Musto , co-head of North Street Global Fund Services. Terms of the agreement were not disclosed.
- Alex Mascioli, Managing Partner of North Street Group
