Pilgrim Partners Asia, a Singapore-based investment manager originally called AE Capital Management, has picked LaCrosse Global Fund Services as fund administrator for its Pilgrim Asian Macro Fund.
Founder and principle Albert Ee, previously of Tribeca Global Management Asia and Millennium Partners, said: We selected top‐tier service providers when we launched the Pilgrim Asian Macro Fund and LaCrosse was the fund administrator that best understood the funds strategy.
The fund was launched in May 2010 and uses mainly currencies, interest rates, currency and interest rate derivatives, and index futures on equities and commodities to establish positions based on macro views.
The opportunity to support the Pilgrim Partners team showcases our experience working with complex strategies in Asia. We look forward to a successful relationship with the firm, said Celia Choh, LaCrosse Global Fund Services managing director for Asia.
LaCrosse recently announced that it is to buy Bank of America Merrill Lynchs $6 billion fund administration business, creating a firm with over $21 billion under assets, subject to regulatory approval.