Article: ALPS, Price Meadows Merge Administration Businesses

DENVER (HedgeWorld.com) - ALPS Fund Services Inc., a 23-year-old mutual fund accounting and administration firm, this week acquired Bellevue, Wash.-based hedge fund administration firm Price Meadows Inc. in an effort to bolster ALPS' new hedge fund administration business.

The new administration entity is called ALPS Price Meadows and will operate as a division of ALPS Fund Services, based in Denver. Terms of the deal were not disclosed.

Price Meadows Inc., founded in 1987 and headed by former hedge fund managers Kelley Price and Rick Meadows, oversees about $6 billion in hedge fund assets across approximately 200 funds. ALPS, which just started building out its hedge fund administration ...

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