JPMorgan HFS to service FRM

Financial Risk Management has appointed JPMorgan Hedge Fund Services to provide administration and custody services to its funds. FRM, a London-based global hedge fund manager, will transition its assets to London-based JPMorgan HFS this year. When this happens, JPMorgan HFS will service over $10 billion of assets in portfolios managed by FRM, the companies said. JPMorgan HFS will use its products specifically designed to serve hedge funds to provide FRM with fund accounting, financial reporting, transfer agency, partnership allocations and custody services. JPMorgan HFS provides services globally to more than 240 funds representing approximately $75 billion in assets under management, according to the firm.