LemonEdge, the UK-based fund accounting and administration solution for private markets, has signed a deal with ROYC (Return on Your Capital), which has chosen LemonEdge as its back-end accounting solution. Headquartered in Sweden, ROYC is a B2B digital solution providing a one-stop shop for private market investments. ROYC services private wealth advisors and asset managers.
Category: Mandates
FHLBank signs with SimCorp
SimCorp, the Deutsche Börse-owned investment management fintech, has signed an eight-year agreement with the Federal Home Loan Bank of Pittsburgh (FHLBank) to provide front-to-back installation of its investment management platform, SimCorp Dimension. FHLBank has selected SimCorp’s platform to streamline workflows, facilitating the retirement of multiple legacy technology solutions.
Lunate appoints BNY Mellon
Lunate Capital, the Abu Dhabi-based alternative investment manager with >USD50bn AuM, has appointed BNY Mellon as administrator, transfer agent and global custodian for all its funds. In 2023 Lunate and BNY Mellon invested in a new company, Alpheya, that will develop a wealth management technology platform for wealth and asset managers in the Middle East…
Citi wins Ausbil mandate
Ausbil Investment Management, an Australia-based manager with AUD16.6bn (USD10.8bn) AuM, has appointed Citi to provide custody and fund administration services. Ausbil is owned by its employees and indirectly by New York Life Investment Management.
DDH outsources to SS&C
DDH Graham Limited has appointed SS&C to deliver superannuation and funds management administration services. DDH manages and administers over AUD7.8bn (USD5bn) in funds on behalf of 34 fund managers and superannuation funds in Australia. SS&C will provide member and investor administration, including unit registry and fund services, for DDH and its superannuation and managed fund…
FXall connects to Saphyre
FXall, a London Stock Exchange business, will implement Saphyre‘s patented technology to expedite their clients’ readiness to trade and reduce delays related to post-trade processes. Clients onboarding new funds through FXall will have a single entry process to set up their funds for all their liquidity providers at one time, and to share related legal…
Kernow selects Yealand
Kernow Asset Management Limited has appointed Yealand Fund Services as authorised corporate director (ACD) and fund administrator. Kernow was founded in 2019 and launched its UK fund offering in 2022.
Hudson Bay expands with SS&C
Hudson Bay Capital Management, a U.S.-based investment firm with USD20bn AuM, has appointed SS&C GlobeOp as its fund administrator. The collaboration expands the relationship with SS&C, which already covers a range of SS&C solutions for trade operations and investor support.
BNPP wins Indeval U.S. mandate
BNP Paribas has been appointed by Indeval as its local custodian for the U.S., representing USD60bn of assets. Indeval is the Mexican CSD, responsible for trades on the Mexican Stock Exchange and money market instruments. It is owned by the Mexican Stock Exchange (Grupo BMV). In 2018 Citi was appointed as custodian and tax services…
SEI appointed as trustee for Pictet CITs
SEI Trust Company will serve as trustee for four collective investment trusts (CITs) established by Pictet Asset Management for the U.S. institutional retirement market. Pictet Asset Management manages USD237bn globally.