The combined offering provides a one-stop-shop solution to both emerging managers and established managers who wish to set up a new office or require support when entering a new market.

George Cadbury, President, PCE Investors commented, "PCE's 'Virtual COO Support' model, combined with Cushman's real estate expertise, means that hedge fund managers can specify exactly what they need and then walk through the door into a fully operational, fully independent office. Whether you are just starting out, or an established player entering a new market, office location, infrastructure set-up, legal, tax, regulatory and compliance considerations, all play a part in successfully opening a new office."

Don Direnzo, senior vice chairman, Cushman & Wakefield said, "With over 15,000 professionals across the globe and PCE's expertise in the hedge fund market, this alliance will offer managers an unrivalled, bespoke service which removes the headache of establishing a fully-functioning office, allowing them to concentrate on developing the fund and to focus on managing money whilst maintaining complete control of their business."

The offering, due to be launched in January 2009, will offer funds: office sourcing, back- and middle-office systems, operations support, risk management, legal and compliance support, on-site IT and the option of distribution.