Hedge Funds

Tennyson opens up in America

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Tennyson Fund Solutions, a fund administration business formed last year in the United Kingdom by Tony Stocks, the former head of Citco Fund Services, has announced the launch of its North American operations.

As of June 1, the firm had opened offices in New York City and Morristown, N.J. The offices are managed by Tom Franco, who has been appointed as director of business development. Franco is also an administration business veteran, having previously held a similar role at BiSys (now Citi Hedge Fund Services).

Stocks took over Citco's fund business back when Soros was virtually its sole client, building