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Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.
July 16 -
U.S. Bancorp is beefing up its business that administers funds on behalf of investment managers with a deal to buy AIS Fund Administration, a provider of administration services for hedge funds.
November 14
A U.S. Bancorp (USB) subsidiary has agreed to acquire the Irish hedge fund administrator Quintillion.
The deal is part of an effort by U.S. Bancorp Fund Services to expand its alternative investment servicing business in Europe, according to a
The financial terms of the sale were not disclosed.
U.S. Bancorp Fund Services has offices in Milwaukee, New Jersey, Cayman Islands, London and Dublin. The $361 billion-asset U.S. Bancorp is based in Minneapolis.
