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
NEW YORK, Oct. 31, 2013 /PRNewswire-iReach/ -- 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
Media Contact: Mitch Ackles, Hedge Fund PR, 646-657-9230, firstname.lastname@example.org
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SOURCE North Street Global Fund Services
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