Ultimus Fund Solutions has appointed Nicholas Ablahani to lead its retail alternative investment business, underscoring the firm’s commitment to servicing registered products such as BDCs, interval funds, tender-offer funds, REITs and perpetual private placement vehicles. He joins from U.S. Bank.
Category: Alts
NTRS joins Project Acacia down under
Northern Trust is working with Swift to explore how tokenised assets, such as carbon credits, can be transacted using a commercial bank account in Australia. The initiative, which aims to demonstrate how digital asset innovation can connect with core components of the financial system, is part of Project Acacia, a research project led by the…
Goji & Endava join forces
Endava, a business transformation group, has formed a partnership with Goji, the Euroclear-owned digital solutions provider for private funds. Goji and Endava have developed an Accelerated Integration Gateway Framework, an out-of-the-box, scalable, adaptable solution that decreases time to market and maximises return on investment, helping Goji and its clients to experience and deliver value more…
Ripple appoints BNY for RLUSD custody
Ripple, a provider of digital asset infrastructure for financial institutions, has appointed BNY as primary custodian of Ripple USD (RLUSD) reserves. BNY will serve as the primary reserve custodian of RLUSD,. In addition, BNY will provide transaction banking services to underpin RLUSD’s operations and deliver integrated solutions.
Clearstream partners with Carlyle
Clearstream, Deutsche Börse Group’s post-trade services provider, has established a collaboration with Carlyle, the global investment firm, to broaden the distribution of Carlyle’s open-ended private markets solutions to wealth management clients. This partnership will leverage Clearstream Fund Services’ distribution platform, simplifying access to private market funds for a wider investor base. It aims to improve…
Apache selects Ocorian
Ocorian, a C.I.-based provider of fund and corporate administration services, has been appointed by Apache Capital Partners, a UK real estate investment manager, to provide fund administration, fiduciary and accounting services on its build-to-rent (BTR) platforms.
UC partners with State Street
UC Investments, the investment arm of the University of California, and State Street have formed an initiative to give individuals access to institutional-grade investment tools and opportunities. The initiative will combine the latest investment technologies and artificial intelligence to give individuals direct access to a broader range of investment opportunities, including private markets. It also…
Citco expands PM offering
Citco has expanded its private markets offering to include services for U.S. SEC registered entities accepting retail investors. Citco has appointed Chris Shaw to lead the retail alternatives division. He joins from SS&C where he played a key role in the creation of its retail alternatives transfer agency. The expansion will provide services including fund…
CACEIS wins further crypto approval
CACEIS Bank has been authorised by the ACPR, France’s banking and insurance regulator, following the advice of the AMF, France’s financial sector regulator, to provide crypto-asset services in accordance with the procedures laid out in Article 60 of MiCA, the European Markets in Crypto-Assets regulation. This is a major step in the roll-out of the…
State Street to service COtwo ETP
State Street has been appointed as fund administrator and transfer agent for the COtwo Advisors Physical European Carbon Allowance Trust (NYSE Arca: CTWO), the first US-listed exchange-traded product backed by physical European Union Allowances (EUAs). State Street will deliver ETF solutions, including fund accounting, administration, and transfer agency.