GlobalBridge, a Minneapolis-based provider of separately managed accounts for trust banks and wealth advisers, has selected Pelorus Advisors as its exclusive provider of hedge fund operPARA_BREAK_SENTINEL_9f8e7d6c GlobalBridge, a Minneapolis-based provider of separately managed accounts for trust banks and wealth advisers, has selected Pelorus Advisors as its exclusive provider of hedge fund operational due diligence. Kelly Coughlin, chief executive of GlobalBridge, says: 'Operational transparency and hedge funds are two terms we seldom see together. GlobalBridge has always insisted on full operations and portfolio transparency. Consequently, we and our clients have not been harmed by the latest round of hedge fund scandals because of a full transparency standard. I have known Jeff Rathgeber, managing partner of Pelorus, for many years. He truly knows the where the landmines are in a hedge fund operation. Prevention and detection of operations and portfolio risks before a blow up are critical to hedge fund risk management. Rathgeber is truly an expert at this, and I have great confidence in him and his team.' Rathgeber (pictured) says: 'GlobalBridge is a known leader in the industry for providing its customers with fully transparent investment alternatives. Leveraging Pelorus' leading due diligence practice with its best-in-class managed account platform allows GlobalBridge to raise the bar on manager selection even further.'
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