BISYS to Pick Up Alternative Investment Administrator

December 21, 2004 ( - BISYS has agreed to acquire a New Jersey-based hedge fund and private equity administrative service provider, according to a news release.

A statement posted to the BISYS Web site said the agreement covers RK Consulting , an affiliate of Rothstein Kass, an international accounting and consulting firm. The announcement said that when the deal closes , BISYS’ hedge fund and private equity businesses will exceed $180 billion in assets under administration.

Headquartered in Roseland, New Jersey, with offices in New York, California, Texas, Colorado and the Cayman Islands, Rothstein Kass serves the financial services industry with an emphasis in the alternative investment industry.The transaction, which is subject to usual and customary closing conditions, is expected to be completed in the next several weeks, according to the statement.

More information about BISYS is at .