Boutique consulting firm KB Asssociates will open a new office in Mayfair to offer regulated support for managers of hedge funds based in London.
Mike Kirby principal of KB Associates said an increase in the number of managers interested in establishing offshore funds and the need for more operational advice has led to an upsurge of work for the firm. The consultancy will offer advice to those who want to set up funds within the jurisdiction of the European Union and if successful may later set up offices in New York.
Kirby said “there is a unique opportunity in the London market for a genuinely independent consulting firm such as KB Associates which focuses exclusively on servicing asset managers.”
London based asset managers require support to give investors the peace of mind that the capital invested is being used in a responsible fashion and with due care.
The consultancy firm, set up in 2003, offers services such as the establishment of offshore management solutions, service provider oversight and fund structuring advice.
The new managers will add to the 50 existing clients looked after by the consultancy which include established as well as start-up companies.