Aug

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Fulcrum and Butterfield Merge

August 6, 2008 | Leave a Comment

Fulcrum Group, a global administrator for hedge funds and the alternative assetmanagement industry, backed by global private equity firm, 3i, and Butterfield Fund Services (BFS), a provider of administration services for investment and pension funds and part of The Bank of N. T. Butterfield & Son Limited (Butterfield), today announced, subject to regulatory and governmental approvals, an agreement to merge the two businesses to create Butterfield Fulcrum Group (BFG). 

Headquartered in Bermuda, BFG will have approximately 400 employees in 10 locations across 9 countries. The firm will have close to $100 billion in assets under administration from nearly 1,000 hedge funds, fund of funds, private equity and institutional investment management clients.  BFG is expected to rank amongst the top 10 independent alternative asset fund administration companies in the world.

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