Henderson Global Investors and JPMorgan Hedge Fund Services have entered an agreement to transfer Henderson’s middle- and back-office services for its hedge funds to JPMorgan HFS.
The agreement will allow JPMorgan to provide daily operational services for Henderson’s14 hedge funds, worth a combined total of $2 billion, from its new London office.
The agreement comes just two months after JPMorgan HFS picked up control of Paloma Partners Management Company’s middle- and back-office operations and represents an expansion of the company’s global operations.