Fulcrum and Butterfield to merge

Hedge fund administrator Fulcrum Group and Butterfield Fund Services, a provider of administration services for investment and pension funds, have agreed to merge the two businesses to create Butterfield Fulcrum Group (BFG). Headquartered in Bermuda, BFG will have approximately 400 employees in 10 locations across nine countries. The firm will have close to $100 billion under administration from nearly 1,000 hedge funds, funds of funds, private equity, and institutional investment management

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