State Street has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S.-based hedge fund manager of Galapagos Capital, a Brazilian-founded investment company. State Street will provide these services to Galápagos Macro Master LP and Galápagos Macro Cayman Ltd.
Category: Alts
Tetragon works with HUB
Tetragon, a C.I.-based asset management business, has deployed HUB Position Oversight, a SaaS solution that creates a unified view of portfolio data across internal and external systems for month-end NAV reporting processes. The solution onboards data from multiple systems, enabling Tetragon to automate position matching and streamline exception management through embedded workflow. HUB is a…
Northern Trust to service L&G LTAF
Northern Trust has been appointed by Legal & General to provide depository and fund administration services for its recently launched Private Markets Access Fund, which integrates a UK Long Term Asset Fund (LTAF) as a core component. The fund aims to offer 5.2 million DC scheme members the opportunity to obtain diversified exposure to private…
AEW adds to CBRE RE mandate
AEW Capital Management has expanded its outsourcing agreement with CBRE to include real estate accounting and reporting services to AEW’s North American private equity group, which manages direct private equity investments in real estate in the U.S. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston. CBRE will provide…
Flow Traders connects to Copper
Copper, the UK-based provider of digital asset custody, collateral management and prime services, has partnered with Flow Traders, a proprietary trading firm and digital asset liquidity provider. Through the partnership, Flow Traders will be fully integrating its exchange trading infrastructure with ClearLoop, utilising Copper’s custodian-agnostic OTC settlement network and leveraging multiple platform features to improve…
Curley joins BNY
Dylan Curley has joined BNY in a newly created role as client coverage global head of alternatives within its asset servicing business. Curley joins from U.S. Bank’s global fund services unit where he was global head of business development. He has also worked at J.P. Morgan. Curley will be based in New York, reporting to…
Northern Trust wins VCC mandate in Singapore
Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.
BlackRock to acquire Preqin
BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for GBP2.55bn (USD3.2bn) in cash. The combination of Preqin with eFront, Aladdin’s private markets solution, brings together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance. Preqin will also continue to…
Lansdowne selects HUB for performance reporting
Lansdowne Partners, a UK-based active alternative investment firm, has selected HUB Performance Reporting, a SaaS solution that ingests and standardises data centrally and enables automated share class performance analysis. HUB Performance Reporting eliminates the need for manual data collation, preparation and analysis. HUB delivers a governed and standardised approach, enabling users to create and distribute…
Taurus links to Stellar
Taurus, the Switzerland-based digital asset infrastructure provider, has made its custody platform, Taurus-PROTECT, and its digital issuance and tokenisation platform, Taurus-CAPITAL, available on the Stellar network. The Stellar network is an open-sourced, public blockchain and a provider of asset tokenization services. This integration will cover the custody of any Stellar tokenised assets through Taurus-PROTECT, as…