Astorg-backed IQ-EQ to acquire South Watch.

Astorg-backed IQ-EQ, an operator of an investment services firm, agreed to acquire South Watch, a boutique provider of comprehensive fund administration, outsourced CFO support and tax preparation services to hedge fund managers Financial terms were not disclosed. "We are delighted to welcome the South Watch team to the Group. Their reputation and expertise in hedge fund administration makes them the perfect addition to our US business, further enhancing our comprehensive client offering," Mark Pesco, IQ-EQ CEO.