JPMorgan Hedge Fund Services was today appointed to provide Fund Administration and Custody services to hedge funds managed by Financial Risk Management (FRM).
JPMorgan Hedge Fund Services will provide fund accounting, financial reporting, transfer agency, partnership allocations and custody services to over $10bn of assets in portfolios managed by FRM.
“FRM’s history of leadership, investment performance and innovation in the fund of hedge funds market makes them an ideal partner for us. We are delighted that JPMorgan has been chosen to provide this service,” says Robert Caporale, global head of JPMorgan Hedge Fund Services.
“The appointment of JPMorgan reflects our desire to consolidate our fund services business with a leading industry provider that can serve our investors on a global basis. JPMorgan’s Hedge Fund Services business has operations in 5 countries with plans to increase this number. As a result, we think that JPMorgan is in the best position to service our funds and investors worldwide,” according to Brian Robinson, Group CEO of FRM.