Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has worked with Kovitz Investment Group Partners, LLC on its launch of an actively managed ETF. The project involved oversight of the custody and accounting conversion of >USD640m in assets from multiple custodians, recordkeepers, and transfer agents, coordination with market participants and…
Category: Mandates
ICICI Venture expands with Apex
ICICI Venture, the India-based alternative investment manager, has expanded its longstanding relationship with Apex, appointing it to deliver end-to-end administration services to the India fund business. ICICI Venture is a pioneer in the Indian alternative asset management industry and partners with leading Indian and global institutional investors through various types of capital pools and investment…
Clearstream Fund Centre appoints Kneip
Kneip, a Luxembourg-based provider of fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre. Over 450 fund distributors use Clearstream Fund Centre to gain access to 550 fund providers with a single legal agreement. Clearstream Fund Centre’s covered investment…
MUTB outsources cash management to FWIA
Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
RE manager selects Phoenix American
Phoenix American has been appointed by Wander, the real estate investment fund sponsor, to provide transfer agency, fund accounting and back-office services.
Nippon Life India transitions to SS&C Eze
Nippon Life India Asset Management (Singapore) Pte. Ltd., the offshore platform of Nippon Life India Asset Management Limited, has transitioned its operations to the SS&C Eze asset management platform. The firm will now use the Eze Investment Suite ecosystem for its recently launched fixed income ETF, among other funds. Nippon Life India Singapore manages funds…
CSC wins commodities fund mandate
Unearth Capital Limited, a UK-based investment manager, has selected CSC Fund Administration (Ireland) as fund administrator for its inaugural hedge fund, the Unearth Chrome Fund. The fund provides exposure to the commodities sector.
TR Capital selects IQ-EQ
TR Capital, a secondary private equity fund manager based in Asia, has selected IQ-EQ’s Hong Kong and Luxembourg teams to administer the Cayman and Luxembourg parallel structures of its new Fund V. In addition, TR Capital has since appointed IQ-EQ for an unspecified number of further mandates. TR Capital has offices in Hong Kong, Singapore,…
Phoenix American wins weed REIT mandate
Phoenix American has established a new fund administration relationship with AC Capital Partners, an alternative investment sponsor. Phoenix American will support AC Capital Partners’ MJ REIT fund with its investor services platform featuring the STAR-XMS shareholder management/ transfer agency platform. MJ REIT is a private hybrid commercial real estate fund focused on opportunities in the…
Link signs with Milestone
Link Fund Solutions, the European arm of Australia’s Link Group, will adopt Milestone Group’s pControl Oversight platform. Australia-based Milestone, which is owned by BNY Mellon, provides oversight and backup NAV solutions to the investment management industry. pControl Oversight will allow Link Fund Solutions to independently verify NAVs received from its fund administrators and to mitigate…