North Reef Capital Management, a U.S.-based start-up long/short equity fund manager, has selected SS&C‘s front-to-back office solution to run its operations. North Reef will deploy Eze technology and SS&C’s fund administration services.
Category: Mandates
Northern Trust wins MO mandate for FSI in Australia
Northern Trust has been appointed by First Sentier Investors (previously First State Investments), an Australia-based global asset manager with >AUD200bn (USD156bn) AuM, to provide middle office outsourcing services. FSI was acquired in 2019 by Mitsubishi UFJ from Commonwealth Bank.
Prescient to host Equitile’s Irish UCITS fund
The UK’s Equitile Investments has launched its first Irish-domiciled global equity fund. The UCITS fund will be hosted on the Prescient Global Funds ICAV platform and had USD77m AuM at launch.
FundRock wins UK mandate for Jupiter’s US Smaller Companies investment trust
FundRock, a Luxembourg-based administrator, has been appointed in the UK as AIFM and company secretary for Jupiter US Smaller Companies PLC. FundRock will provide oversight of the delegated functions as well as risk and compliance monitoring. FundRock will leverage its established investment trust business and its existing partnership with J.P. Morgan for depositary, custody and…
Liberty appoints Stonegate/Securitize for new digital RE fund
Liberty Equity Management, a U.S.-based manager specialising in the tokenisation of commercial real estate investments, has appointed Stonegate Global Fund Services, in partnership with Securitize, to provide fund structuring, administration and tokenisation services for its new net lease security token fund. The Cayman and U.S. fund structure will enable both U.S. and global investors to…
Aberdeen Standard expands TA relationship with SS&C/IFDS
Aberdeen Standard Investments, the UK-based asset manager with AuM of c. USD562bn, has extended its transfer agency relationship with SS&C and IFDS to its Luxembourg division. SS&C will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg S.A., with local support from IFDS, a JV between SS&C and State Street. Aberdeen Standard…
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.
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.
Northern Trust selected by SGA for MO and FX outsourcing
Northern Trust has been selected by Strategic Global Advisors, LLC, a woman- and employee-owned institutional asset management firm headquartered in Newport Beach, California, to provide middle office outsourcing and outsourced foreign exchange dealing through its Complete FX service.
Citi to support SPAC ETF for Tuttle Tactical Management
Citi has expanded its ETF franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, which launched the fund on December 16. Citi is providing fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund. This mandate expands…