Fair Oaks Capital, a UK-based corporate credit manager, has received approval from CSSF, the Luxembourg regulator, to launch what is believed to be the first European-domiciled, Euro-denominated CLO ETF. Fair Oaks plans to list the ETF on Deutsche Börse Xetra and the London Stock Exchange shortly. Waystone has been appointed as the ManCo.
Category: Alts
Apex hires for Africa
Apex has appointed Claude Harvey as head of business development, Mauritius and Africa. He previously spent almost six years at Maitland, acquired by Apex in 2023, and has been based in Mauritius for almost ten years.
UI wins major ManCo mandate
Intesa Sanpaolo Wealth Management, the newly established Luxembourg wealth management branch of the Intesa Sanpaolo Group, has appointed Universal Investment Group as ManCo for its UCITS SICAV portfolio in Luxembourg. UI efa will act as central administrator, and the Spuerkeess, a Luxembourg-based savings bank, as the custodian. The SICAV portfolio has been migrated to the…
Imperium supports VC fund
Imperium, the C.I.-based administrator, has supported Creandum, a European venture capital firm, on the launch of its oversubscribed seventh fund.
NTRS adds energy to platform
Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
Vistra hires CFO
Vistra, the Singapore-based administrator, has appointed Andrew Cherry as group chief financial officer. Initially based in Luxembourg before moving to Singapore, he will succeed Hilton Hess, CFO since 2020, who is retiring. Cherry joins from Alter Domus, where he was CFO for five years.
Oak hires from Alter Domus
Oak Group, a C.I.-based provider of private client, funds and corporate services, has hired Stephen Prosser as associate director, funds & corporate, based in Jersey. He was previously at Alter Domus.
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
Komainu to service BUIDL
Komainu, the C.I.-based digital asset services provider, is to provide custody for BlackRock’s BUIDL Token. The BUIDL Token – BlackRock USD Institutional Digital Liquidity Fund – is a tokenised fund created by BlackRock. Operating on the Ethereum blockchain, BUIDL offers institutional investors exposure to U.S. dollar yields through tokenisation. By tokenising a U.S. dollar fund,…
Amicorp hires for Lux
Amicorp Fund Services, the Hong Kong-based fund services group, has added Clive Short to its team in Luxembourg. Short, with nearly twenty years’ experience in managing or supporting pan-European PERE funds, joins the team as commercial director. Prior to joining Amicorp, he worked in investment management for Barings, Deutsche Bank and AXA Investment Managers, before…