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…
Category: Mandates
Zurich Bank expands with BNPP
Zurich Bank has appointed BNP Paribas for custody of Italian and foreign securities and for the settlement of fund units for total assets of c. EUR3bn (USD3.25bn), expanding a longstanding relationship.
Astorg selects LemonEdge
Astorg Group S.a.r.l Luxembourg has appointed LemonEdge, the UK-based platform provider for private markets fund and portfolio accounting, for LP, GP and fund accounting. Astorg is a pan-European private equity firm with over EUR18bn (USD19.5bn) AuM. One of Astorg’s portfolio companies is IQ-EQ, the Luxembourg-based administrator. On the LemonEdge platform, Astorg will manage accounting in…
Capital Prudential appoints Apex
Capital Prudential Manager Pty Ltd, an Australia-based real estate manager, has appointed Apex to support the Capital Prudential Real Estate Master Trust. Apex will provide fund administration, loan administration and compliance services. Capital Prudential offers pooled investment in diversified property developments.
Ultimus supports OneAscent ETF launches
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, is working with OneAscent Investments to launch multiple ETFs through a series trust structure. OneAscent provides values-aligned, faith-driven solutions to advisers and investors.
USAA Real Estate outsources admin
SS&C has signed an outsourced administration arrangement with USAA Real Estate, which acquires, develops, finances and manages real estate assets in North America and Europe. USAA Real Estate will outsource fund accounting and reporting functions, as well as property accounting of operating and under-development investments, to SS&C. USAA Real Estate will also transfer around 60…
EPF expands BNY Mellon mandate
The Employees Provident Fund Board of Malaysia (EPF) has appointed BNY Mellon to deliver an investment accounting service. In addition to custody solutions BNY Mellon currently provides for the EPF, this broader remit aims to deliver a solution for fund accounting and administration of the entire public assets of the EPF, with increased automation and…
NZ Super renews with Northern Trust
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.
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…