Ledbury Capital Partners, a UK-based investment firm, has chosen Wells Fargo Global Fund Services to provide daily fund administration services as well as middle and back office operations solutions for its Master Fund, according to Hedge Week.
The Ledbury Capital Master Fund, which was launched in July 2014, runs a European-focused value-driven equity and special situations strategy.
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Chude Chidi-Ofong, COO for Ledbury Partners, said: "We were impressed by Wells Fargo’s reporting capabilities and ability to work across multiple asset classes. In addition, Wells Fargo’s balance sheet, reputation and credibility in the market place was essential in giving our investors confidence in our choice of administrator."
Rob Helszajn, head of European business development for Wells Fargo Global Fund Services, said: "Ledbury Partners will benefit from our local service model and real-time reporting, combined with institutional quality controls and processes."
Wells Fargo Global Fund Services offers administration, middle-office, operations and cash/collateral management services to alternative investment managers.
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