20 billion dollars new York-based fund management firm Stonegate Global opens offices in Hong Kong and Singaporeand introduces the expansion of its crypto, web3 and crossover funds team
NEW YORK, SINGAPORE and HONG KONG, September 21, 2022 /PRNewswire/ — Stonegate Global Fund Administration, one of the world’s leading crypto fund administration and global advisory firms (“Stonegate Global”), announced today that it is expanding its presence in Asia with two new offices as the firm focuses on crossover funds in The United States, Hong Kong, Singapore and the broader APAC region.
Stonegate Global expands crypto, web3 and crossover fund management business in Asia
Jeannie Ng DubblesManaging Director of Stonegate Global, Digital Assets – Hong Kong, Singapore – APAC and native of Hong Kong, will lead the company’s expansion into the APAC region. MS. Ng Dubbles, is a 20-year financial services veteran formerly with Maitland Fund Administration and prior to that for 15 years at Citi Private Bank where she served ultra high net worth investors and family offices. “The digital assets industry slowly started to develop almost 15 years ago. Today, especially in Asia, the growth is significant as institutional TradFi funds expand their asset allocations into liquid Crypto trading strategies, Crypto VC, as well as other aspects of the growing digital asset space such as DeFi, NFTs, and others. Despite the current crypto winter, we are seeing billions of assets flowing into the asset class from these crossover funds,” says Frau Ng Dubbles.
Traditional alternative investment funds or “TradFi funds,” such as hedge funds and venture capital funds, are rapidly expanding into cryptocurrency trading and crypto VC investing. These “crossover funds” are helping to lay the groundwork for broader institutional adoption of digital assets.
Skyler SteinkeStonegate Global Managing Director and Global Head of the Digital Assets Group stated, “This is an unprecedented time where finance, technology and digital assets are the perfect trifecta for the traditional hedge fund, venture capital and private equity communities. More traditional in our view, fund managers are expanding their strategies to include crypto, DeFi, NFT and Web3, Stonegate Global’s decades of experience in digital assets for fund administration, creation and advisory will aid managers in this critical crossover process.”
“We are delighted to have Jeannie leading our rapidly growing team in Asia. While Stonegate Global has always had a presence in the APAC region, this further expansion is an important milestone for us given the current growth in digital assets. What this ultimately means is that our APAC customers will have even more real-time access to our team and more support as we continue to expand our footprint in the region,” said John McCorveyCEO and Founder of Stonegate Global.
This is just Stonegate Global’s latest expansion effort, which has served approximately 500 institutional fund clients 20 billion dollars of assets, including nearly 200 institutional crypto funds worldwide since 2013. Just earlier this year Skyler Steinke joined Stonegate Global as Managing Director and Global Head of the Digital Assets Group, joining a curated team of blockchain engineers, data scientists, NAV accounting specialists and members of the Investor Services team.
About Stonegate Global:
Stonegate Global is a technology-driven and innovative leader in fund administration, global advisory and fund structuring for alternative investment funds: crypto, web3/crypto VC, DeFi, NFT, hedge funds, venture capital, real estate and private equity funds.
Stonegate Global specializes in servicing crypto funds involved in Web3/Crypto VC, DeFi, staking, lending, yield farming and liquidity pools. Leveraging its proprietary technology platform tailored to service the most complex digital asset funds, including high-frequency trading strategies and Web3/Crypto VC funds, Stonegate Global is one of the world’s leading crypto fund management firms.
Recognized as one of the world’s leading cryptocurrency providers, Stonegate Global has been servicing crypto funds since 2013 and has served over 500 clients worldwide, delivering its innovative solutions to sophisticated institutional mutual funds and portfolio managers. Stonegate’s clients include global family offices, institutional investment funds and multi-manager investment funds.
Stonegate Global Fund Administration
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SOURCE Stonegate Global Fund Administration