State Street has launched a new peer-to-peer repo program for the buy-side. The service aims to deliver competitive financing costs across a broader range of collateral types, as well as yield enhancement opportunities compared to traditional repo markets. State Street guarantees the payment obligations of cash borrowers to cash lenders within the program in the…
Category: Headlines
Northern Trust to service new Osmosis CCF in Ireland
Northern Trust has been selected by Osmosis Investment Management, a UK-based manager, to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a UCITS common contractual fund (CCF). The Osmosis UCITS CCF is supported by Prescient Fund Services (Ireland) Limited, which serves as its Irish-regulated…
FundRock hits EUR100bn AuM
FundRock, the Luxembourg-based provider of third-party UCITS ManCo, AIFM and ACD services, has reached EUR100bn AUM, and now serves over 450 funds. FundRock, which recently completed its acquisition by Apex Group, has over 150 employees across five locations in Luxembourg, the UK, Ireland and Singapore.
State Street to administer VanEck’s bitcoin ETF
State Street has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust, a new bitcoin exchange-traded fund that is currently pending approval by the U.S. Securities and Exchange Commission. The trust is expected to be the first U.S.-listed ETF offering exposure to bitcoin. The trust’s investment objective is to reflect…
Northern Trust adds Venn to investment analytics suite
Northern Trust has entered into a strategic agreement with Two Sigma to offer Venn, a cloud-based investment analytics platform, to its clients. Venn by Two Sigma will help Northern Trust provide asset allocators with enhanced portfolio insights and analytics designed to help investment teams make more confident asset allocation, manager selection and quantitatively driven investment…
State Street strikes first FICC sponsored repo trade with ICE Clear
State Street has completed the first trade with ICE Clear U.S., a clearing house owned by Intercontinental Exchange, Inc., as a sponsored member counterparty. This deal comes after ICE signed on as a sponsored member of State Street within the Fixed Income Clearing Corporation (FICC) Sponsored Repo Program. State Street has USD150bn in sponsored repo…
IQ-EQ to launch full-service funds business in Ireland
IQ-EQ, the Luxembourg-based administrator, is to launch a dedicated funds business in Ireland. IQ-EQ, which has offices in Dublin and Shannon, will be transferring a number of personnel from the group’s wider UK & Ireland cluster, including Belfast-based Eoghan Harney, who will hold the role of director and head of fund accounting. Gary Palmer, a…
GemCap appoints Karen Nolan as chair in Ireland
GemCap, an Ireland-based UCITS fund platform provider, has appointed Karen Nolan as chair of the GemCap Investment Funds (Ireland) Plc board. She was previously a non-executive director and has been on the board for two years. GemCap UK chief executive Stuart Alexander has stepped down as chair and remains a non-executive director.
Peru & Partners expands CFO secondment services
Peru & Partners, an IQ-EQ group company and specialist fund services provider for the French private equity market, has strengthened its CFO secondment practice and valuation advisory team with the appointment of Amaury de la Porte du Theil as director. He was the founder of Paris-based financial consulting firm Eulalie.
Prosegur Crypto hires John Izaguirre as head of sales
John Izaguirre, who was previously director of business development Europe at Ontology, has joined Prosegur Crypto as head of sales and partnerships. Prosegur Crypto, which is a subsidiary of Spanish security firm Prosegur, recently launched its digital asset custody service focused on institutional clients.