DPM Mellon chooses IFSC for hedge

DPM Mellon has chosen to locate the European arm of its hedge fund administration business in the International Financial Services Centre (IFSC) in Dublin. The firm already services $40 billion of assets in the US.

A subsidiary of Mellon Financial Corporation, DPM said that Dublin was now the ‘‘preferred domicile of choice’’ for hedge fund administration in Europe.

DPM, which has had a fund administration services business in the capital for a decade, ...