Category: Alts

Alchelyst, the Ireland-based investor solutions and infrastructure partner for private markets asset managers, has appointed three managers to its leadership team: Jeff Dorigan, MD, head of U.S. sales, spent eight years at Brown Brothers Harriman. Karl McDonald, MD, transformation, was previously global head of hedge fund operations at BNY. Sinéad O’Sullivan, MD, investor solutions, was…

Northern Trust has entered into an agreement with Digital Asset Holdings to support the development of custody capabilities for tokenised financial assets. As part of this agreement, Northern Trust will integrate with Canton Network’s infrastructure to develop and deploy applications that bridge digital and traditional markets, supporting institutional grade custody and asset servicing workflows for…

Altum, the UK-based administrator, has appointed Christian Hertz as managing director and global head of ManCo. He will lead the Luxembourg AIFM team, overseeing operations, client service and business development. He will also serve as a director on the AIFM board, He was previously at LIS.

Morgan Stanley Investment Management has launched the Morgan Stanley Bitcoin Trust, an ETP. Coinbase and BNY have been appointed to provide digital asset custody services for MSBT. BNY also serves as the administrator and transfer agent and will provide accounting, recordkeeping and cash management services.

Sonata One, the fintech focused on private markets, has launched Instant Investor Care, a service that combines technology with human expertise to support private capital investors across the fund lifecycle. Features include multi-channel support via live chat, voice and video call, fully embedded in the Sonata One platform, and 24/5 access to its client service…

Langham Hall, the UK administrator, has been appointed to provide fund accounting and administration, AIFM and depositary services by British Business Bank for the British Growth Partnership Fund I, which has closed at GBP200m (USD264m). The fund has been established to increase access to venture capital for UK defined contribution pension schemes, supporting greater participation…

Apex has formed a collaboration between European Depositary Bank, an Apex company, and Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The initiative, which is subject to the relevant regulatory approvals for EDB across Europe, will support the development…

Northern Trust Hedge Fund Services has been selected to provide middle office services and fund administration to Moorstone, L.P., an independent, directly registered investment advisor dedicated to investing in the global commodity supply chain. Under the engagement, Northern Trust is providing a suite of solutions via the Omnium platform, including middle office services, treasury and…