State Street has been selected by LibreMax Capital, LLC to provide fund administration services for its newly launched hedge fund.
LibreMax Capital was founded by former Deutsche Bank executives Fred Brettschneider and Greg Lippmann.
International Fund Services (IFS), State Streets hedge fund administration company and part of its Alternative Investment Solutions group, provides administration services to the fund, which was launched in October.
Appointing State Street to provide our new fund with administration services enables us to focus entirely on achieving investment results, says Greg Lippmann, co-founder and chief investment officer of LibreMax Capital. State Streets proven track record of servicing some of the most complex hedge funds in the industry made it the clear choice for this assignment.
In todays highly competitive market with increased demand for transparency, more hedge fund managers are electing to use third party providers for their administration requirements, says George Sullivan, executive vice president of State Streets Alternative Investment Solutions group. State Street has a wealth of experience servicing a range of hedge funds, and we look forward to building a productive partnership with LibreMax Capital.