Cambria Investment Management, a U.S.-based independent manager, has selected SS&C ALPS to provide full fund administration, accounting and distribution services for its range of 11 ETFs.
Category: Mandates
CIBC Mellon appointed as custodian for two more Bank of Canada programs
Following its recent appointment as custodian for the Bank of Canada’s commercial paper purchase program, CIBC Mellon has been mandated to provide custody for the Bank of Canada’s corporate and provincial bond purchase programs.
CIBC Mellon to administer Bank of Canada’s CP program
CIBC Mellon has been appointed to provide asset servicing for the Bank of Canada’s recently launched commercial paper purchase program (CPPP). CIBC Mellon currently provides custody and asset servicing for the Bank of Canada’s pension plan.
AEG selects SS&C’s Precision LM loan servicing platform
American Enterprise Group has selected SS&C’s Precision LM platform for loan servicing, accounting, asset management, valuation, and reporting. AEG has multiple insurance company subsidiaries under the American Republic, Great Western Insurance Company, and Medico brands.
EFA to service Espiria funds for East Capital
EFA, the Luxembourg-based administrator, has been appointed by East Capital Group to provide fund administration and related services for the Espiria fund range. Espiria has five sub-funds and uses asset pooling, with >EUR1bn AuM. For more than 10 years, EFA has been providing a range of administration services to East Capital in both Luxembourg and…
HSS appointed as sole custodian by UK’s Admiral Group
The Admiral Group, a UK-based insurance company, has appointed HSBC Securities Services as sole global custody provider for all assets.
SANNE to provide fund admin services to ACA’s Mauritius unit
SANNE, the UK-based provider of alternative asset and corporate administration services, has been appointed by ACA Manager (Mauritius) Ltd, a member of the African Capital Alliance Group, to provide fund accounting and administrative services. ACA is a pan-African private equity investment firm sponsoring funds and managing investments in sub-Saharan Africa.
State Street to service ACI’s new semi-transparent ETFs
State Street has been appointed ETF servicing agent and Authorized Participant Representative (APR) for American Century Investments’ new range of semi-transparent, actively managed ETFs. American Century Investments is the first asset manager to receive regulatory approval for two investment strategies, Focused Large Cap Value and Focused Dynamic Growth, both of which will be available through…
USCF moves from BBH to BNY Mellon
United States Commodity Funds (USCF), which runs a family of commodity-based ETFs, has appointed BNY Mellon as custodian, fund accountant and transfer agent across all ETFs. The incumbent, BBH, will provide financial statements for Q1, after which BNY Mellon will assume this function.
Intertrust to provide depositary services for Altor PE funds
Altor Fund Manager, a Sweden-based manager of private equity funds, has appointed Intertrust to provide depositary services to Altor Fund IV and Altor Fund V, which are domiciled in Sweden Altor Fund IV closed in 2014 with a committed capital of EUR2bn and Altor Fund V closed in 2019 with a committed capital of EUR…