Coremont, which was spun out from Brevan Howard in 2018, has hired Michele Deely as head of sales and client relations. Deely spent 17 years at IFS, a State Street company. State Street signed a deal with Coremont earlier in 2020 to provide an integrated front-to-back service for hedge fund managers.
Category: Independents
Missouri Farm Bureau migrates insurance accounting to SS&C
Missouri Farm Bureau, a U.S.-based insurance provider, plans to migrate its insurance investment accounting to SS&C SmartSource, powered by Singularity. Singularity leverages artificial intelligence to manage core investment accounting activities by combining robotic process automation, machine learning, natural language processing and predictive analytics in one unified, cloud-based, web and mobile-accessible system.
Mainstream hires John Collins from Euronext for Ireland bus dev role
Mainstream, the Australia-based administrator, has hired John Collins as business development and relationship manager for its Dublin office. He joins from Euronext, where he worked in funds business development.
Cordovan Capital Management selects IQ-EQ for first institutional PE fund
Cordovan Capital Management, a Northern Ireland-based private equity house, has appointed IQ-EQ to support its first institutional fund. The new fund aims for a total AuM of GBP50m. IQ-EQ is providing fund administration and depositary services, as well as appointed representative and UK AIFM services.
SS&C to acquire Millennium Consulting Services
SS&C has entered into a definitive agreement to acquire Millennium Consulting Services and Millennium Seminar Services, which provide consulting and training services to insurance companies and insurance regulators. The purchase price for the two entities was not disclosed. The acquisition will add 13 employees across the U.S. The founders of the Millennium companies, Bruce Cromartie…
HF FS hires Monette Windsor from MUFG in Cayman
HF Fund Services, a member of the Equiom Group, has appointed Monette Windsor as director in its Cayman Islands office. HF Fund Services provides independent directors to alternative investment funds and investment management companies. Previously, she was the managing director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd).
Oak and PraxisIFM end merger talks
Oak Group and PraxisIFM Group, two Guernsey-based administrators, have called off their proposed merger, first announced in August 2020. In a statement, Oak said: “With a particularly unpredictable global economic backdrop, a number of hurdles have led to the cessation of discussions”.
SS&C launches cloud-based Blue Sky portal
SS&C has launched its Blue Sky portal, a cloud-based technology solution to help investment managers comply with state Blue Sky laws. The web-based portal is designed to maximise compliance in an efficient and scalable way. Key features include an updated information stream for state fee calculations and best practices. An enhanced exemption process for social…
CBRE to provide fund accounting for new GLP fund
CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…
CSC acquires FIRSTCORP in Singapore
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired FIRSTCORP PTE. LTD and its affiliates, a Singapore-based service provider of company secretarial and administration services to corporations and alternative asset managers. FIRSTCORP offers company formation, corporate secretarial, and domiciliation services, and specialises in the establishment and ongoing administration of Singapore…