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Capita Asset Services has acquired Throgmorton, the UK specialist accountancy, tax and back office service provider for hedge funds and asset managers. The purchase price has not been disclosed.
The acquisition builds on Capita's existing range of corporate services, and reflects the growing demand for outsourced services among fund managers against a vastly altered regulatory backdrop.
Justin Cooper, CEO of shareholder solutions at Capita Asset Services, said the takeover of Throgmorton - whose clients include more than 300 hedge fund managers, private equity firms and corporate...