Hedge Funds

GlobeOp may be on the block

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Fund administrator GlobeOp, the firm founded by former Long-Term Capital Management principals, may be on the block, according to industry insiders.

GlobeOp, which has operations on both sides of the Atlantic, has built an impressive list of clientele in the three years since its founding. Among the clients who tap GlobeOp for its daily risk management and data collection and reconciliation services is Man Investment Products, a firm managing an estimated $11 billion in alternatives including a growing array of hedge fund-linked structured products.

Officials at GlobeOp declined to comment on rumors that the independent firm had been approached by