Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
Category: Mandates
Woodbridge appoints Equity Trustees
Woodbridge Capital, an Australia-based investment manager and non-bank lender, has appointed Equity Trustees as trustee of the Woodbridge Private Credit Fund. Earlier this year Equity Trustees was appointed as the Responsible Entity (trustee) for the Woodbridge Secured Income Fund.
Path Crypto appoints Gemini
Gemini, the digital asset service provider, has been appointed as the custodian for Path Crypto’s Managed Portfolios, a robo-advisor investment platform that offers tailored digital investment strategies for retail and institutional investors. Path Crypto, a registered SEC investment advisor, recently launched the Managed Portfolios program in the U.S. and has plans to expand internationally later…
Komainu appointed by Nasdaq
Nasdaq has appointed Komainu, the C.I.-based digital asset custodian, as a core custodian for its suite of crypto indices. This follows a similar arrangement between Nasdaq and Zodia Custody.
Apex wins Africa fund
Apex has been appointed as AIFM and administrator of a fund aimed at supporting renewable energy infrastructure in sub-Saharan Africa. The Gaia Africa Climate Fund is targeting investment of up to USD200m.
TDCC appoints Citi
Citi has been appointed by the Taiwan Depository & Clearing Corporate (TDCC) to provide global custody services. The selection comes as TDCC implements a new centralised custody platform to improve asset safety for local investors holding overseas investments via local brokers.
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…
Credicorp moves to Multifonds
Credicorp Capital, the investment management and advisory company, has gone live on Temenos Multifonds delivered as SaaS. The company is part of Credicorp Ltd., one of the largest financial groups in Latin America, whose subsidiaries include insurance, pension funds and microfinance providers in addition to BCP, Peru’s biggest bank. Credicorp Capital’s asset management business has…
BNY wins ETH ETP mandates
BNY has been appointed as administrator for seven of the nine ETH ETPs approved for trading in the U.S. in July. BlackRock (ETHA), Bitwise (ETHW), Grayscale (ETHE & ETH), Franklin Templeton (EZET), 21shares (CETH), and Invesco Galaxy (QETH) have named BNY as the cash custodian, transfer agent, and administrator, providing administrative, tax and accounting services,…
Westwood expands with Ultimus
Ultimus Fund Solutions, the independent provider of fund administration, accounting, and investor solutions, has expanded its longstanding partnership with Westwood Holdings Group following the launch of two new actively managed ETFs. Headquartered in Dallas, Texas, Westwood manages multiple investment strategies tailored to institutional investors, private wealth clients, and financial intermediaries. Recently, Westwood expanded its offerings…