IQ-EQ, the Luxembourg-based administrator, has acquired South Watch LLC, a small provider of fund administration, outsourced CFO support and tax preparation services to hedge fund managers in the U.S. and Cayman Islands. The business was acquired from the majority shareholder, Everlane Equity Partners, and employee shareholders. The South Watch partners, Paul Timmins, Kirby Richards and David Loescher, will continue to lead the business as part of IQ-EQ U.S. Paul Timmins takes on the role of head of product, liquid funds; Kirby Richards and David Loescher take on the roles of co-head of fund administration, liquid funds.
