HedgeWorks LLC, the Carlsbad-based company that provides administrative services for more than 100 hedge funds was sold to Deutsche Bank AG (Germany’s largest bank) for an undisclosed amount.
The acquisition enables us to further strengthen our service offering to the hedge fund industry, where Deutsche Bank already has strong relationships,” said F. Jim Della Sala, head of structured finance services.
We’re guessing some HedgeWorks investors are smiling right now. Nice exit.
[Link: Bloomberg.com]
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{ 2 comments… read them below or add one }
Hedgeworks has a terrible work environment. Evidenced by the high employee turnover.
who’s laughing now that DB offers a stable work environment with a global footprint!
Hell Yeah!