Link Fund Solutions, part of Australia-based Link Group, has partnered with Confluence Technologies to launch a portfolio compliance solution. Confluence will provide automated daily monitoring of Link’s funds compliance with investment and borrowing power rules, as defined by regulators in the UK, Ireland and Luxembourg.
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Prescient to service first PE fund for Moshesh Partners in South Africa
Moshesh Partners Fund Management (Pty) Ltd, a private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for its first private fund. The fund’s strategy is to invest in renewable energy and clean infrastructure.
Carne to act as AIFM for Great Point Entertainment
Carne Group, the Ireland-based administrator, has been appointed as AIFM for Great Point Entertainment Income Trust PLC ahead of its planned GBP200m flotation on the London Stock Exchange. GPEIT is a newly established, externally managed closed-end investment company.
JTC to acquire INDOS
JTC, the C.I.-based administrator, has announced plans to acquire INDOS, a provider of depositary, ESG and AML oversight services for alternative investment funds. INDOS employs >50 staff across three locations in Ireland and the UK. All employees, including INDOS founder and CEO Bill Prew and his senior management team, will join JTC. The transaction is…
BNY Mellon launches digital assets unit
BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Citi hires two senior regional sales heads from State Street
Citi has made two senior sales appointments in its custody & fund services (CFS) business. Maria Cantillon joins as head of CFS sales for EMEA, a position that has been open since Matthew Bax moved to run the direct custody & clearing business in 2020. She will report to Sanjiv Sawhney, global head of CFS,…
Peru & Partners supports Lauxera maiden fund launch
Peru & Partners, the France-based subsidiary of IQ-EQ that specialises in the French private equity market, has assisted healthcare investment firm Lauxera Capital Partners with the launch of its first fund. Lauxera Growth I has raised EUR100m (USD120m) in its first close, with Peru & Partners acting as CFO.
Northern Trust takes equity stake in Equity Data Science
Northern Trust has reached an agreement to take an equity stake in Equity Data Science, Inc., a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management. The deal will integrate EDS decision support tools with Northern Trust’s core technology platforms, and is an extension of…
Rest Super selects Charles River IMS for front and middle office operations
Retail Employees Superannuation Trust (Rest), one of Australia’s largest industry superannuation funds with approximately 1.8 million members, has selected Charles River IMS to consolidate its front and middle office operations for managing asset allocation, global equities, fixed income, FX and futures. Rest will implement Charles River IMS to support its internally managed investments as well…
EFA selects Refinitiv as primary data source for sec ops
EFA, the Luxembourg-based independent administrator, has appointed Refinitiv as its primary data source for securities operations, expanding a longstanding relationship. Refinitiv will become EFA’s primary data source for pricing, reference data and corporate actions. Refinitiv, which was recently acquired by the London Stock Exchange Group, serves more than 40,000 institutions in 190 countries.