Equity Trust Company, a U.S.-based custodian of self-directed IRAs, has acquired Midland Trust, a self-directed IRA company based in Fort Myers, FL. Equity Trust services individuals seeking to self-direct their retirement investments, offering access to investment options such as real estate, private equity, and precious metals.
Category: Independents
TMF to acquire FIDD in Brazil
TMF Group, a Netherlands-based provider of administrative services, has entered into an agreement to acquire FIDD Group, a full-service outsourced fund administration provider based in Brazil. The transaction is subject to regulatory approval by Banco Central, with completion expected in 2024. Following the acquisition, TMF Group would administer more than EUR200bn of client assets. FIDD…
SS&C re-hires Jason Vaughn
Jason Vaughn has joined SS&C as head of strategic revenue for its global investor and distribution solutions business in the U.S. He joins from FIS. He previously worked for SS&C between 2016 and 2020.
IQ-EQ wins USD10bn PA mandate
IQ-EQ, the Luxembourg-based administrator, has been appointed by Flexstone Partners to provide fund administration and a suite of related services. As part of this mandate, IQ-EQ has lifted out Flexstone’s key servicing team from its legacy provider, MB Fund Administration. Flexstone Partners, an affiliate of Natixis Investment Partners, is a private investments firm with >USD10.1bn…
Formidium opens in GIFT City
Formidium, a U.S.-based provider of fund technology and back-office solutions, has opened a workspace at Gujarat International Finance Tech-City (GIFT City) in Ahmedabad, India.
Apex hires head of U.S.
Apex has appointed Frederick Shaw as country head – United States. He joins from Hamilton Lane, a private markets investor, where he was chief risk officer and global head of operations. Shaw will oversee the U.S. business, which now employs over 600 people across 15 offices.
ISPT switches to Sylvan
ISPT, a property fund manager based in Australia, has implemented SS&C Sylvan for performance measurement and attribution. ISPT is one of Australia’s largest unlisted property fund managers with >AUD22bn (USD14.4bn) AuM from investments in commercial, retail, industrial, education, health, social infrastructure and residential development. SS&C Sylvan, a cloud-based performance measurement and attribution solution, replaced ISPT’s…
Blackwattle appoints Apex
Blackwattle Investment Partners, a recently launched Australian fund manager, has appointed Apex to provide fund administration, TA, middle office and custody solutions for its first four funds: ASX Small Cap Quality, Mid Cap Quality, Long-Short 130/30 Quality, and Large Cap Quality Funds. This follows Blackwattle’s appointment of Equity Trustees as responsible entity (trustee) for the…
TMF supports EUR26bn fund launch
TMF Group, a Netherlands-based administration services provider, has supported CVC Capital Partners in its recent close of Fund IX, a EUR26bn (USD28.5bn) Jersey and Luxembourg-regulated fund. TMF will provide administrative services to the fund, including due diligence and onboarding of investors.
UI partners with Montrusco Bolton
Montrusco Bolton, a Canadian asset management firm with USD10.7bn AuM, has launched a new fund for US equities. The fund has been launched in collaboration with Germany’s Universal Investment Group. Structured as a Luxembourg SICAV vehicle, the UI I – Montrusco Bolton US Equity Fund will be available to investors in Luxembourg, Germany and Austria.…