Print Article
Email A Friend
Your Opinion
News Alerts

Fortis acquires Hedge Funds Services

8th March 2006
By Staff Writer

Fortis has acquired Hedge Funds Services (HFS), the largest fund administrator in the British Virgin Islands (BVI).

HFS is the British Virgin Islands' largest independent full-service fund administrator. At the end of 2005 it had approximately E2 billion in assets under administration in 104 funds from 53 different fund managers, 90% of which are based in the US.

These funds represent a variety of investment strategies, including long/short equities, convertible arbitrage, event-driven and funds-of-funds.

Filip Dierckx, Fortis' CEO, commented: "Our commitment to grow our presence in niche markets, especially in the Americas, is materializing itself through this acquisition, which will strengthen the position of our fund servicing arm, Prime Fund Solutions, in the hedge funds industry."

He added, "HFS enjoys an enviable reputation and will enable us to become the number one fund administrator in the British Virgin Islands, which has become a key financial center in the Caribbean."

Print Article Email A Fiend Your Opinion News Alerts
  • Comment on this Article
Sign up to our weekly newsletters for the latest industry news & comment.
 I would like to receive Business Digest
 I would like to receive Distribution News
 I would like to receive Financial Services Digest
 I would like to receive Retail Banking News
 I would like to receive Savings & Investments News

Email Address

  • Unsubscribe details are contained within each Email
  • To subscribe simply enter your Email address in the box above and click the subscribe button
  • Read our privacy policy if you have concerns about our use of data