FundRock, the European third-party ManCo and AIFM that is owned by Apex Group, has received regulatory approval from AMF, the French financial markets regulator, for FFAM, its new AIFM service in France. The new service will assist international and domestic professional investors in accessing alternative asset classes, including private equity and real estate.
Category: Independents
Link Group supports re-launch of Switzer FI fund in Australia
Link Group, the Australia-based administrator, and Switzer Asset Management have re-launched the Switzer High Yield Fund as a quoted managed (active ETF) fund, allowing units to be bought and sold on the stock exchange as well as directly from the issuer. This is the first fixed-income quoted managed fund to be launched on the Australian…
Apex to administer ETC for ETC Group
Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020.…
USA Mutuals moves funds to Ultimus
Ultimus Fund Solutions has been selected by USA Mutuals to provide fund accounting, administration, transfer agency and shareholder services for its mutual funds. Ultimus helped USA Mutuals reorganise and convert their mutual funds from their previous provider earlier this year. As part of the conversion, the USA Mutuals funds were moved from their previous standalone…
SS&C launches risk scenario & simulation service
SS&C has launched SS&C Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based risk scenario and simulation service. Using financial risk modeling and the latest global datasets, ScaaS provides stress testing scenarios on macroeconomic factors. The first scenario in the series focuses on the impact of pandemics such as COVID-19. Pandemic risk is the first of a set of…
Aztec Group appoints Charlotte Light as CTO
Aztec Group has appointed Charlotte Light as chief technology officer. She joins after four years at Channel 4, a UK broadcaster, where she was chief information officer. She will be based in the UK.
SEI’s CIT business grows to USD100bn AuA
SEI, a U.S.-based provider of investment processing, investment management and investment operations solutions, has surpassed USD100bn AuA in its collective investment trust (CIT) business, representing a 20.5pct increase from a year ago. Through SEI Trust Company, SEI launched 39 funds from 11 global investment managers, adding over USD17.3bnin CIT assets in 2020.
Apex-owned EAM reaches USD1bn AuM
Emerging Asset Management Ltd., the Apex-owned provider of turnkey solutions for fund launches, has reached the milestone of USD1bn AuM. EAM’s clients include new and established, small to medium sized fund managers looking to start or launch new alternative investment funds, including hedge funds, private equity, property, and commodities funds. EAM serves both onshore U.S.…
Aztec supports launch and admin of Oquendo’s senior debt fund
Aztec Group, the C.I.-based fund and corporate services provider, has supported Oquendo Capital, a Madrid-based private debt specialist, with the final close of Oquendo Senior Debt Fund. Aztec will provide administration, depositary, reporting and investor services to the fund from its office in Luxembourg, in addition to servicing four other Oquendo funds.
IQ-EQ launches global private debt & credit desk
IQ-EQ, the Luxembourg-based administrator, has launched a global private debt & credit desk to support managers and investors with increasingly complex debt strategies and offer clients a dedicated team of expertise across the full debt and credit spectrum. The new desk is complemented by a global structured finance and securitisation team that services asset-backed and…