Coremont, the UK-based provider of portfolio management technology and outsourced services to investment managers, and Carne Group, which claims to be the industry’s largest third-party fund management company, have launched Coremont Investment Fund. The fund is a UCITS-compliant SICAV, incorporated in Luxembourg, providing investment managers with a gateway to raising assets from institutions globally.
Category: Independents
Apex appoints van Asselt to ambassador role
Apex has appointed Henk Pieter van Asselt to the role of Apex Ambassador. Reporting to Renaud Oury, chief revenue and data officer, van Asselt will draw on his global network built during his career in the financial services industry to support the growth of Apex’s new and existing client relationships. Van Asselt spent a decade…
Nick Emmins joins Cooper Wood team
Nick Emmins, a non-executive director of Lazards Fund Managers, has become an independent senior associate at Cooper Wood & Associates, the UK-based asset servicing consultancy. Emmins has previously worked at M&G, BNP Paribas Asset Management, RBC Investor & Treasury Services and Allfunds.
Intertrust granted ADGM licence
Intertrust Group, the Netherlands-based provider of fund and corporate services, has been granted an ADGM licence for its UAE office.
Alter Domus to add 100 jobs in Ireland
Alter Domus, the Luxembourg-based provider of corporate solutions for the alternative investment industry, has announced the creation of 100 new jobs at its European centre of excellence in Cork, Ireland. From Cork, Alter Domus operates a European hub for global private debt, private equity, real estate and infrastructure investors and managers.
Ultimus hires Joe Bree
Ultimus Fund Solutions has hired Joe Bree as a senior vice president in its business development team. Bree joins from Confluence and has also worked at U.S. Bank’s fund services business.
Chris Meader joins Sudrania
Chris Meader, founder of the North American Fund Administration Association, has joined Sudrania Fund Services as a senior vice president, based in the U.S.
Bill Muia joins SS&C
Bill Muia has joined SS&C as a director of business development, based in the U.S. He was previously at HSBC, and has also worked for RBC.
Langham Hall supports sale of Purdey Portfolio to Partners Group
Langham Hall, a UK-based administrator, has supported Paloma Capital LLP with the sale of its Purdey Portfolio to Partners Group for GBP253m (USD346m), and also established the acquisition structure in Jersey for Partners Group. Paloma Capital will stay on as co-investor and operating partner for the new structure, for which Langham Hall will provide ongoing…
NES to administer PE fund for Participant Capital
NES Financial, the Silicon Valley-based administrator owned by JTC, has been appointed to provide private equity fund administration services to Participant Capital’s Legacy Fund, LP. Participant Capital is the private equity arm of Royal Palm Companies, a Florida-based real estate and development firm.