Northern Trust has enhanced its suite of ex-ante risk analytics services through the release of its new Market Risk Monitor solution. The service provides institutional investor clients with a library of key risk indicators including stress tests, sensitivity shocks and value-at-risk measures, all available via RADAR, Northern Trust’s digital dashboard for investment analytics. It deploys…
Category: Alts
Versity appoints Phoenix American
Phoenix American has been appointed to provide Versity Invest’s real estate funds with investor services, featuring the STAR-XMS shareholder management/transfer agency platform. Based in California, Versity Invest is a real estate investment company founded in 2022. Versity currently manages c. USD1bn of investor equity investments.
Apex to support New Forest’s Africa platform
Apex has been mandated by New Forests, an existing client, to deliver fund services to its African Forestry Impact Platform. New Forests is an Australia-based investment manager of nature-based real assets and natural capital strategies, with AUD10bn (USD6.7bn) AuM across more than 1.2m hectares (2.9m acres). News Forests’ AFIP will continue to raise long term…
TMF to acquire Sino
TMF Group, the Netherlands-based provider of administrative services, is to acquire Sino Corporate Services Group. Sino was founded in 2007 and has offices in Hong Kong, China and Singapore, and employs 53 people. As a result of the acquisition, four members of Sino’s management team will join TMF. The deal follows the acquisitions of Hong…
Gamma opts for PFS-PAXUS
Gamma Fund Services Ltd, a fund services and administration company based in Bahamas, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. PFS-PAXUS is provided by Isle of Man-based Pacific Fund Systems. Gamma has opted for a full SaaS cloud deployment model.
Northern Trust upgrades NAV workflows
Northern Trust has partnered with Appian, a fintech provider of low-code process automation solutions, to enhance the NAV workflow communications with private capital fund managers. The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle. The digital portal,…
Talos connects to Taurus for custody
Taurus SA, the European digital asset infrastructure provider, and Talos, the U.S.-based provider of institutional digital asset trading technology, have formed a partnership to provide trading and custody technology to institutional clients. Talos has integrated with Taurus-PROTECT, the digital asset custody solution for banks. The partnership is already in production with clients in Europe and…
Ultimus supports Hamilton with new alts fund
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported Hamilton Capital, a U.S.-based Registered Investment Advisor (RIA) with USD2bn AuM, with the launch of its first tender offer fund. Through its Dynamic Alternatives Fund, Hamilton Capital offers exposure to alternative investments for its accredited clients, without requiring substantial…
Waystone appoints ManCo CEO in Lux
Waystone, the Ireland-based specialist services provider which recently had a senior management purge, has appointed Denis Harty as CEO of its ManCo in Luxembourg. Harty was previously CEO of Alfa Asset Management and has also worked at Credit Suisse and J.P. Morgan.
Alter Domus wins Norwegian PE mandate
Alter Domus has supported Longship AS, a Norwegian-based private equity investor with a focus on the Norwegian lower-mid market, with the first and final closing of Longship Fund III. This follows the 2022 migration of the fund administration role for Longship Fund I and Longship Fund II to Alter Domus. Longship Fund III has closed…