Mitsubishi Picks Up Fund Administrator With $14B In Assets

Law360, New York (March 21, 2014, 2:20 PM EDT) -- Japan's Mitsubishi UFJ Fund Services has purchased Bermuda-based Meridian Fund Services, the companies said on Wednesday, in a deal that nets Mitsubishi a fund administrator with about $14 billion worth of assets under administration.

The price tag for the deal — which is still subject to regulatory approvals — was not disclosed. Mitsubishi UFJ Fund Services provides a range of fund administration and investor services to a host of clients, including hedge funds, private equity funds, real estate funds and family offices.

According to a Wednesday...
To view the full article, register now.