Northern Trust has expanded its relationship with First Sentier Group, being appointed as fund administrator for First Sentier Investors Global Growth Funds, a Singapore unit trust offering. Under the mandate, Northern Trust will provide custody, fund accounting and transfer agency services. The move represents an expansion of a broader global relationship which began in 2006.
Category: Mandates
PennantPark selects Ultimus
PennantPark Investment Advisers has appointed Ultimus to assist with the launch and ongoing operations of its new interval fund, PennantPark Enhanced Income Fund. PennantPark is an alternative credit specialist, and manages c.USD10bn of investable capital,
Apex to support first RIF
Apex has been appointed to provide depositary services to the Resonance Housing Pathways Fund in the UK. The fund is the first Reserved Investor Fund (RIF), and has secured GBP118m (USD159m) from investors.
Waystone wins ME ETF ManCo mandate
Waystone has been appointed by Lunate, an Abu Dhabi-based investment firm, to support its suite of Irish ICAV ETFs. Under the agreement, Waystone will provide ManCo services for the ETFs. Earlier this year, Lunate launched two Irish-domiciled ETFs through Euroclear.
Weitz expands with Ultimus
Ultimus has expanded its relationship with U.S.-based Weitz Investment Management. The expanded mandate includes fund accounting and administration, middle office services, and post-trade compliance for Weitz’s mutual fund and managed account complex, alongside the administration of three ETFs supporting nearly USD8bn AuM.
Alter Domus supports USD1bn CFO
Alter Domus, the Luxembourg-based private markets administrator, has supported Pantheon with the closing of its inaugural private equity collateralized fund obligation, which raised USD1bn.
SS&C to support First Plus
First Plus Asset Management, a Singapore-based investment management firm, has selected SS&C to provide cross-border operations support across Asia. SS&C will service First Plus across the full investment lifecycle, delivering transfer agency, order management and execution, and investment accounting. SS&C will support around USD200m AuM.
Equity Trustees supports Colchester’s first ETFs
Equity Trustees has been appointed RE (trustee) for two new ETFs from Colchester Global Investors, marking the firm’s first ETF offerings in Australia and extending a long-standing partnership between the two organisations. Colchester Global Investors is a privately owned investment management firm offering value oriented, global bond management services. Colchester has funds under management of…
NTRS to service Harding Loevner’s first U.S. ETF
Northern Trust has been appointed by Harding Loevner to provide ETF servicing solutions for its first U.S. ETF, the International Developed Markets Select Equity ETF. This is believed to be Northern Trust’s first ETF servicing mandate in the U.S., covering custody, fund accounting, fund administration and transfer agency, alongside ETF-specific services such as basket creation,…
Dawson appoints Northern Trust
Northern Trust has been appointed by Dawson Partners to provide fund administration and other related services. Dawson Partners is an alternative asset manager focused on private markets. Headquartered in Toronto, with offices in London, New York and Hong Kong, the firm manages >USD27bn.