Orangefield Group, a global service provider of administration, management and trust services has acquired New York-based hedge fund administrator Columbus Avenue Consulting for an undisclosed amount.
Orangefield-Columbus, which has over $25 billion in assets under administration, announced that clients will continue to work with their same management teams, but the division will officially operate under the Orangefield-Columbus brand.
Joep Bruins, CEO of Orangefield, said that the firm is entering North America by providing industry-leading hedge fund services. “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 said: "Orangefield has a very broad portfolio in corporate services and fund administration in Europe and Asia, complimenting Columbus's focus on the hedge fund industry in the US. Like Columbus Avenue, Orangefield is walking in the forefront of applying cutting-edge technologies."
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