Conifer Joins Hands with Vastardis Capital to Create Global Hedge Fund Administration Firm
Conifer Group, LLC, and Vastardis Capital Services Holdings LP., both hedge fund administrators, have joined hands to form Conifer Financial Services, LLC.
At
inception, Conifer Financial Services will have combined assets under
administration of more than $70 billion and offer trade execution
services to over 200 clients worldwide, the firms said in a joint
statement.
Jack
McDonald, currently CEO of Conifer Group, will become President and
CEO. William Vastardis, Founder and President of Vastardis, will be
named Chairman.
“Combining
our two firms will yield significant benefits for our clients and
employees and allows us to realize scale in an industry that
increasingly demands it,” McDonald said. “The merger brings together
Conifer’s clients in the hedge fund industry with Vastardis’ clients in
the fund of fund, endowment/foundation, private equity, and venture
capital spaces. It also dramatically increases the scale and scope of
services that both Conifer and Vastardis will be able to provide their
clients, creating a larger global footprint with offices in San
Francisco, New York, the British Virgin Islands, Singapore, and
Toronto.”
Source: HedgeCo