Grassi & Co launches new fund admin business 27 February 2014New York Reporter: Stephen Durham
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Grassi & Co has launched a new fund administration entity—Grassi Fund Administration Services (GFAS).
GFAS will take over the more than $3.6 billion in assets under administration, previously administered by Grassi & Co. Jim Anziano and Avi Rosenblatt will lead the new entity.
Anziano and Rosenblatt specialise in assisting clients with reducing business risk and adjusting to regulations and investor expectations of the market.
GFAS will utilise technology such as Advent’s Geneva and Geneva World Investor software, to solve the challenges faced by hedge funds, global asset managers, private equity funds and mutual funds.
Grassi & Co managing partner, Louis Grassi, commented: “Launching an entity that is solely focused on assisting managers with their daily accounting and administration operations will enable us to provide an even higher quality of service to help them meet their strategic objectives.”
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