Orangefield Group, a global service provider of administration, management and trust services announced it has acquired leading hedge fund administrator Columbus Avenue Consulting LLC.

The division will officially operate under the Orangefield-Columbus brand.

Orangefield-Columbus has over $25 billion in assets under administration. Clients will continue to work with their same management teams and benefit from a global suite of operational capabilities and services.

Entering into North America with a hedge fund focus is a strategic choice. To maximize the level of service to clients worldwide, Orangefield takes on a very focused expansion approach.  According to Joep Bruins, CEO of Orangefield, the acquisition of Columbus Avenue is a perfect example of that approach. Bruins: “We enter North America by providing hedge fund services for which we are already leading the industry. Partnering with Columbus Avenue sets us up for success in North America. It also creates a strong base for offering Orangefield corporate services to US clients looking to establish and manage legal entities worldwide.”

Joe Holman, Founder and Managing Partner of Columbus Avenue “Orangefield has a very broad portfolio in corporate services and fund administration in Europe and Asia, complementing Columbus’s focus on the hedge fund industry in the US. “ According to Holman, both companies’ views on applying innovative systems align seamlessly, even on a detailed level. “Like Columbus Avenue, Orangefield is walking in the forefront of applying cutting-edge technologies. I am pleased to say that we completely see eye to eye when it comes to knowing what is in the best interest of our valued hedge fund clients,” concludes Holman.