Wells Fargo & Company (WFC) today announced that its hedge fund administration and middle-office service provider, LaCrosse Global Fund Services (LaCrosse), has been re-branded as Wells Fargo Global Fund Services.
The newly-named firm will continue to provide a complete service offering to the hedge fund administration market utilizing a robust platform and technology that provides traditional fund administration services, operational support, derivatives processing, bank debt processing and cash/collateral management.
“Our new name reflects Wells Fargo’s commitment to supporting our suite of hedge fund and private equity industry offerings,” said Christopher Kundro, co-head of Wells Fargo Global Fund Services. “In addition, our clients are now able to leverage Wells Fargo's many other offerings for alternative investment managers.”
“Since Wells Fargo acquired LaCrosse Global Fund Services last year, we have continued to expand our business and integrate with its global platform,” added Stuart Feffer, co-head of Wells Fargo Global Fund Services. “The new Wells Fargo Global Fund Services branding represents an opportunity to leverage Wells Fargo’s market reputation with our experience and expertise.”
Wells Fargo administers more than $25 billion in alternative fund assets, covering a wide range of strategies traded by global portfolio managers including fixed income, credit, distressed, structured credit, macro, equity, commodities, private equity and real estate. Wells Fargo Global Fund Services work processes follow the sun through a global network of offices located in New York, Minneapolis, London, Dublin, Jersey, Singapore and Hong Kong providing fund managers and investors with 24- hour/6 days-a-week support.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With approximately 265,000 full-time equivalent team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.