New Zealand’s sovereign wealth fund, the NZD58.7bn (USD37.2bn) NZ Super Fund, has renewed its longstanding asset servicing and custody relationship with Northern Trust, which will continue to provide global custody, compliance monitoring and securities lending services. The fund first appointed Northern Trust in 2007.
Category: Mandates
KAR appoints Apex for Australian fund
Kayne Anderson Rudnick, a U.S.-based manager, has appointed Apex Group to service its Australian fund. KAR has >USD45bn AuM, offering a variety of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-net-worth clients. Apex will provide fund administration, custody and transfer agency services to the Kayne Anderson Rudnick Global Small Cap Fund.
VIAM appoints Apex for new credit fund
Apex has been appointed by VI Asset Management to provide fund administration services for its inaugural evergreen Asia private credit fund. VIAM has >USD11bn AuM across multiple asset classes and business centres in Hong Kong, Singapore, and South Korea. The VI Asia Private Credit Fund LP will provide financing solutions to Asian SMEs that are…
Intech appoints SimCorp
Intech, a quantitative asset manager, has selected SimCorp as its partner for the implementation of SimCorp’s investment operations service solution. The agreement covers the integration of SimCorp’s full lifecycle management service to support all of Intech’s post-trade, performance, compliance, and IBOR-related activities. As part of the agreement, SimCorp’s Snowflake-powered data warehouse and cloud-native client engagement…
Beechbrook taps RBS for new Lux fund
RBS International Depositary Services has been appointed as depositary for Beechbrook Capital’s new Luxembourg fund, Beechbrook Private Debt IV Senior SCSp. The appointment builds on the institutional banking provider’s relationship with Beechbrook Capital, following NatWest Trustee and Depositary Services securing the depositary role for Beechbrook’s UK SME Credit III fund earlier in 2022. Beechbrook Capital…
ClearLife appoints Equity Trustees for new fund
ClearLife Capital Pty Ltd, an Australian investment firm, has selected Equity Trustees as trustee for its new wholesale fund, the ClearLife Capital Opportunities Fund.The fund invests primarily in a portfolio of securities listed on the Australian and New Zealand stock exchanges, taking both long and short positions.
BrightEdge appoints Apex
Apex has been appointed by by BrightEdge LLC, the impact investment and venture capital arm of the American Cancer Society (ACS) to provide fund administration services to the ACS Impact Venture Fund. BrightEdge invests in for-profit early-stage companies that are developing cutting-edge cancer-focused therapies, diagnostics, devices, and technologies. Financial returns generated from investments will be…
CRM selects Linedata
Cramer Rosenthal McGlynn, LLC, a US based value equity manager, has implemented the Linedata Longview OMS suite from Linedata, the France-based provider of asset management and credit technology data and services. The platform operates across trading, pre- and post-trade compliance, reporting, and operations.
Phoenix American wins DST mandate
Phoenix American Financial has onboarded Delaware Statutory Trust (DST) fund sponsor Parking Vault for fund administration. Phoenix American will support Parking Vault with its investor relations platform featuring the STAR-XMS transfer agency system.
Apex appoints Goji for onboarding
Apex has appointed Goji, a UK-regulated fintech offering investors digital access to alternative investments, to enable alternative asset management clients to manage all stages of the investor lifecycle. Apex’s digital onboarding solution, powered by Goji, provides alternative fund managers with the ability to onboard their investors from any jurisdiction via a single, secure online platform,…