JPMorgan to Acquire Tranaut Fund Administration

Tranaut Fund Administration, a privately-owned hedge fund administration services company, is to be purchased by JPMorgan in a deal expected to close during the third quarter of the year. The acquisition is subject to regulatory approval but if completed, will make for a strategic addition to JPMorgan’s suite of services on offer to hedge funds and institutional investors. ‘This acquisition represents a logical extension to the firm’s servicing capabilities and demonstrates our commitment to servicing a wide range of investment products on a global basis,’ said Conrad Kozak, head of strategic business development, Treasury & Securities Services.


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