Maitland, the law firm and trust company group, has expanded its hedge fund and fixed income fund administration capability to new markets through the acquisition of Admiral Financial Group. Admiral is a multi-national administrator head-quartered in the Cayman Islands with offices in Dublin, Virginia and Nova Scotia.
The acquisition will bring Maitland’s total assets under administration (AUA) to US$145 billion, of which US$25 billion are hedge fund assets.
The company will continue to trade as Admiral Administration and will also establish an operating subsidiary in Cape Town, South Africa, where Maitland has an existing platform.
The objective is to establish Admiral as a leading provider of administration services to the hedge fund industry in multiple jurisdictions, both onshore and offshore.
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