Financial Diligence Networks (FDN), a private network for the alternative investment industry, announced the expansion of its global membership with the addition of more than 100 hedge fund management companies and hedge fund allocators in the fourth quarter of 2013. According to a release, FDN works with hundreds of firms worldwide, including asset managers, institutions, pensions, endowments, sovereign wealth funds, family offices, funds of hedge funds and investment consultants, to streamline the due diligence process. In addition, FDN noted: For the three months ended December 31, 2013 , FDN added 60 leading hedge fund allocators that manage more than $100 billion . The new allocators included: Geller Family Office, Harvest Capital Strategies, MetLife , Northwestern University Investment Office and Oklahoma State University Foundation . For the three months ended December 31, 2013 , FDN added 42 leading asset managers with approximately $55 billion in assets under management. Some of the new asset managers included: Chilton Investment Company , Estlander & Partners Inc, Mariner Investment Group , Tricadia Capital Management and Van Eck Absolute Return Advisers Corp. John Casano , Managing Member and Co-Founder of FDN, commented, "With the addition of over 100 new members to our platform, FDN continues to grow rapidly as an innovative tool for asset managers and allocators to streamline the due diligence dialogue and facilitate meaningful connections in a secure manner. This rapid expansion validates our platform and underscores our ability to meet the changing needs of our customers." "We are pleased with the increased member growth and continued strong network adoption by investors and managers in the fourth quarter," said John Cornish , Managing Member and Co-Founder of FDN. "As the regulatory environment evolves with the implementation of the JOBS Act, hedge fund managers are in need of new centralized technology solutions that are compliant, secure and efficient." Financial Diligence Networks is a web-based network for the alternative investment industry. More Information: www.goFDN.com ((Comments on this story may be sent to email@example.com ))
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Some California Cities Seeking Water Independence
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Will Missing Malaysian Jet Prompt Aviation System Change?
- GM Recall Poses First Major Test for New CEO
- Obama Seeks to Stay Neutral in CIA-Senate Conflict