PEF Services LLC, the alternatives administrator recently acquired by CSC, has been appointed by RFE Investment Partners to provide fund administration services. RFE is a U.S.-based private equity firm.
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Laura Hazzard joins Sanne
Laura Hazzard has joined Sanne as a director within the private equity division in Jersey, C.I. She was previously at Apex.
HSBC supports Premia ETF launch on HKSE
HSBC has supported the listing of the Premia China STAR50 ETF on the Hong Kong Stock Exchange, with an initial launch size of RMB 204m (USD32m), HSBC has been appointed to provide trustee, global custodian, fund administrator, swap counterparty and cross border equity execution services for the fund.
Margarita Murray joins Citco
Margarita Murray, who left the industry in 2018 after working for Standard Chartered and HSBC in the U.S., has joined Citco as a senior relationship manager, based in New York.
Northern Trust takes stake in Essentia Analytics
Northern Trust has reached an agreement to take an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics and consulting services that utilises a cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance. The addition of Essentia behavioral analytics solutions is…
Water Island Capital converts mutual fund to ETF
Water Island Capital has converted the Water Island Long/Short Fund (Nasdaq: ATQIX), a mutual fund within The Arbitrage Funds series trust, to the AltShares Event-Driven ETF (NYSE Arca: EVNT). State Street facilitated the conversion.
CSC expands fund operations in Lux
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has expanded its operations in Luxembourg by securing new fund administration and depositary licences and adding two executives to help lead its growth in the market. Pierre Mifsud joins from Edmond de Rothschild as managing director for depositary services for CSC Global Financial…
JTC to buy Ballybunion Capital
JTC, the C.I.-based professional services business, has agreed to buy Ballybunion Capital Limited, an asset manager based in Dublin and regulated by the Central Bank of Ireland. Founded in 2009, Ballybunion Capital provides management and regulatory oversight services to investment funds and offers ManCo services as an AIFM as well as governance oversight, portfolio management…
State Street goes live with Acadia
State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
Paul Bishop joins J.P. Morgan
J.P. Morgan has hired another re-tread from Deutsche Bank. Paul Bishop has joined as head of U.S. direct custody, having held a similar role at Deutsche Bank.