Ultimus Fund Solutions, a U.S.-based provider of middle office, fund administration, accounting, and investor solutions, has formed a partnership with PennHaven Brokerage Partners. The partnership enables Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven, combined with Ultimus’ middle office services, including post-trade settlement, IBOR, performance and attribution reporting, and…
Category: Independents
Perennial expands with SS&C
Perennial Partners, an Australian asset manager, has retained SS&C for unit registry services. SS&C will provide a range of services to Perennial’s investors across all fund types, including active ETFs, unlisted and dual-listed funds, and private equity. Previously, SS&C serviced unlisted and dual-listed funds for Perennial Partners. After a market evaluation process, Perennial expanded its…
iCapital to acquire Mirador
iCapital, the fintech platform supporting the world’s alternative investment marketplace for the wealth management industry, is to acquire Mirador, a provider of investment data aggregation and financial reporting across both alternative and traditional investments, Mirador’s services include consolidated financial reporting, private investment support, offline and alternative investment data management, K-1 document management, and compensation management…
Maples wins Cayman mandate
The Maples Group has been appointed by Chicago Global Capital Pte. Ltd. to provide fund administration services for its Cayman Islands-domiciled hedge fund. Chicago Global will be primarily serviced from Maples’ Singapore office, where the team will be providing fund administration services including cross-jurisdictional AML/KYC compliance, financial statement preparation, investor services and fund accounting. Chicago…
JTC hires director of treasury services
JTC, the C.I.-based professional services provider, has appointed Mark Forster as director – treasury services. He will be responsible for the day-to-day management of JTC’s treasury services business. He joins from Butterfield Bank.
Yealand hires head of business development
Hayley McLaren has joined Yealand Fund Services, the UK-based administrator, as head of business development. Prior to joining Yealand, she worked at Waystone/T Bailey Fund Services, along with roles at Capita and Nottinghamshire County Council.
Centralis to acquire YLP
Centralis, a Luxembourg-based alternative asset and corporate services provider, is to acquire YLP Group, a corporate services provider based in Luxembourg. YLP is an Ordre des Experts-Comptables licenced business that provides services to alternative fund clients, primarily real estate and private equity structures, as well as multinational corporates.
Komainu supports USYC
Komainu, a UK-regulated digital asset custody service provider partly backed by Nomura, has begun custody support for USYC, created by Hashnote, the on-chain first digital asset manager, built with the support of Cumberland and DRW. The partnership will enable Hashnote’s USYC to be held in custody by Komainu.
SS&C opens in ADGM
SS&C has opened an office in Abu Dhabi, UAE. The Financial Services Regulatory Authority has granted SS&C approval to deliver fund administration services within the Abu Dhabi Global Market. Katarzyna Lupa-Nowicka (head of private markets operations, Middle East) and David Forrester (head of hedge operations, Middle East) will lead the new office.
Alger consolidates with Waystone
Waystone, the European provider of specialist services to the global asset management industry, has been appointed by Alger, a U.S.-based growth equity asset manager, to provide third-party ManCo and supplementary services across the EEA. The mandate will add USD600m to Waystone’s AuM. Additional services include risk and compliance reporting, distribution support, market access, global registrations,…