Invictus Capital, a Cayman-domiciled manager, has migrated its tokenised crypto funds into a regulated mutual fund structure. All open-ended Invictus funds will now have the same oversight as other regulated mutual funds within the Cayman Islands. The funds will benefit from annual independent external audits and daily verification of fund assets by a licensed third-party…
Category: Alts
Circle adds BNY Mellon as reserves custodian
Circle Internet Financial, LLC has appointed BNY Mellon as a primary custodian for USD Coin (USDC) reserves. Circle is an internet finance firm that provides internet-based payments and financial infrastructure and is the sole issuer of USDC. USDC is one of the fastest growing dollar digital currencies in the world, with over USD52bn in circulation…
Notion Capital expands Mainspring mandate
Mainspring, the UK-based administrator, has been awarded an additional mandate by Notion Capital, the VC firm focused on European SaaS and cloud investments. Mainspring will provide custody services for Notion’s Fund III, including sub-custody services for the fund’s depositary. Mainspring has been working with Notion for five years.
Broadridge hires new president of asset management solutions
Broadridge Financial Solutions, the U.S.-based fintech, has appointed Mike Sleightholme as president of its asset management solutions business. He will be responsible for driving Broadridge’s global asset management business growth, the strategic execution of client and market-focused solutions, and service delivery. Broadridge Asset Management Solutions supports hedge funds, asset managers, family offices, private debt/CLO managers,…
Waystone to acquire Centaur
Centaur, the Ireland-headquartered provider of fund administration services to the alternatives sector, has reached agreement to become part of the Waystone Group, subject to regulatory approval. With offices in U.S., Canada, Bermuda, the Cayman Islands, Luxembourg and the UK, Centaur employs over 220 staff and provides fund administration and fiduciary services to over 120 client…
CSC and Carne Group win new ILP mandate
CSC Global Financial Markets has been appointed as depositary for Sarona Global Growth Markets PE Fund 3 ILP, one of the first ILPs launched in Ireland. CSC will support Sarona Asset Management, a Canada-based private equity investor, together with Carne Group as AIFM.
New chair at Waystone
Waystone, the provider of specialist services to the asset management sector, has appointed Nancy Lewis as non-executive chair of the Waystone Group. She joins Waystone after many years advising multiple private equity houses in the professional services space. Her past appointments include Fenergo, Growth Advisory Board and Duff and Phelps. She currently serves as a…
SG hires former HSBC executive
Société Générale has hired Jane Karczewski as UK head of asset manager and hedge fund sales within its global markets business. Most recently, she was head of global custody at HSBC.
BNY Mellon RE specialist joins Sudrania
George Acosta has joined Sudrania Fund Services as SVP, real estate fund administration, based in New York. He was previously at BNY Mellon.
IQ-EQ appoints new compliance chief
IQ-EQ has appointed Tasnoova Zaki as group head of compliance, a newly created role. She will report directly to David Wild, IQ-EQ’s group chief risk officer.