RAM Active Investments has selected EFA, the Luxembourg-based administrator, for its AI-driven sustainable fund, the RAM Stable Climate Global Equities Fund. Headquartered in Geneva, RAM Active Investments is an affiliate of Mediobanca Group, with AuM of USD 3.1bn.
Category: Mandates
Apex to provide front-to-back solutions for UK’s Ardent Financial
Apex Group has been appointed to provide front to back office solutions to Ardent Financial Limited, a UK-based global securities dealer, using Calypso’s management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent. Apex will provide decision support, analytics and back office services to Ardent via the Calypso platform…
iA Financial expands relationship with CIBC Mellon
CIBC Mellon has been selected by iA Financial Group to provide an array of fund services, asset servicing and data solutions. CIBC Mellon will provide services including fund accounting and administration, custody, securities lending administration, and foreign exchange processing and settlement. The iA Financial Group technology and operational transformation mandate also encompasses integration of the…
Apex to provide admin and depositary services for Melior
Apex Group has been appointed to provide fund administration and depositary services to the debut fund of Melior Equity Partners. Melior was launched in early 2020 following the completion of a spin-out of the investment team from The Carlyle Group’s Irish activities. The fund has recently held a first close for its Luxembourg domiciled debut…
HSBC launches two sustainable ETFs
HSBC’s global asset management business has launched two sustainable ETFs: HSBC Emerging Market Sustainable Equity UCITS ETF and HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF. HSBC’s securities services business will provide custody and fund administration services, while also acting as authorised participant and market-maker.
Apex appointed as administrator for UK’s Preservation Capital
Apex, the Bermuda-based administrator, has been appointed to provide fund administration services to Preservation Capital Partners, a UK-based mid-market private equity investor. Preservation Capital, a specialist investor in the asset-light financial services sector, recently announced the closing of its debut fund, Preservation Capital Partners Fund I, at its hard cap of GBP309m (USD400m).
Kiva appoints UMB to administer Refugee Investment Fund
Kiva, the California-based microfinance provider, has selected UMB Fund Services to provide fund accounting and administration services for the Kiva Refugee Investment Fund.
4Pines selects Harmonate for data operations services
4Pines Fund Services, a start-up private equity administrator based in the U.S., has selected Harmonate to provide data operations services. Harmonate claims its Conductor data operations product for fund administration can provide 20pct cost savings in year one of implementation, and 80 percent savings in ensuing years, as well as reducing reporting delivery timelines by…
Fir Tree Partners selects Arcesium for MO & BO support
Fir Tree Partners, a private investment firm based in New York, has selected Arcesium‘s integrated technology platform and services solution to support its operational model. Arcesium’s platform will provide Fir Tree with a single repository to manage all of its middle and back office workflows, including reconciliation, portfolio analytics, data management, treasury, and cash functions.…
Vanguard consolidates MM funds on Charles River IMS
A major coup for Charles River Development, which is owned by State Street, where Vanguard has consolidated management of its taxable money market funds on the cloud-based Charles River Investment Management Solution. Vanguard is already live on the platform, using Charles River IMS across the investment process, from pre-trade to post-trade and compliance. Paul Malloy,…