The Capita Group has bought Global Fund Administration (GFA). GFA provides fund administration services to hedge funds and operates principally from Gibraltar.
Commenting on the deal, Robert Coyle, Capita financial services executive director said: “GFA offers specialist fund administration services to 20 fund managers and 45 hedge funds with more than £1 billion of assets under administration. This acquisition, which includes the transfer of 13 GFA staff, gives Capita access to a rapidly growing marketplace and adds the offshore jurisdiction of Gibraltar to our existing fund administration services in the UK, Jersey, Guernsey and Dublin.”
