The Caledonian Group is expanding its US operations with the launch of Caledonian Fund Services (USA) LLC, which will be headquartered in Chicago, where it will provide US onshore fund administration and tax consulting services to hedge funds and fund of funds.
The new entity is a result of a venture between the Caledonian Group and The Gabriele Group.
Heading the new company is Jim Gabriele, a CPA with more than 15 years experience in the financial services industry. Allan Gabriele, a CPA with over 20 years tax advisory experience, will serve as tax director.
“Establishing a presence in Chicago demonstrates our commitment to the fund administration business,” says Ali Mudeen, director of marketing and strategic development. “This venture will allow us to be more responsive to the needs of our US based clients utilizing our best of breed fund services technology platform.”
Caledonian Fund Services offers fund accounting, registrar and transfer agency, corporate secretarial, web-based reporting, anti-money laundering compliance and fund of fund custody to offshore funds from offices in the Cayman Islands and the Isle of Man.