Carne Global Financial Services has opened an office in New York as more US hedge funds look to target European investors - in particular by structuring UCITS funds.
The New York office will be led by managing director Joe Hardiman and director Paul Bishop. Both are ex-American Express Bank, where Hardiman was global head of mutual fund products and Bishop was director of offshore operations. At Carne, they will focus on assisting fund managers establishing Irish, Luxembourg and Cayman Island funds. They will also re-domicile existing funds to regulated jurisdictions and provide assistance with the distribution of funds outside