American Century Investments has selected Saphyre, the U.S.-based fintech using patented AI technology to solve pre-trade setups and post-trade issues, for custodial and broker fund onboardings, as well as maintenance.
Category: Mandates
Orchard Street appoints Langham Hall
Orchard Street Investment Management, a UK-focused commercial property investment manager, has launched its inaugural impact fund, Orchard Street Social and Environmental Impact Partnership. The fund is targeting commitments of GBP400m (USD460m), and has held a first close at almost GBP90m (USD104m) with the Brunel Pension Partnership acting as the cornerstone investor. Langham Hall been appointed…
Phoenix American wins new client
Phoenix American Financial Services has onboarded Leitbox Storage Partners, a U.S.-based real estate fund sponsor. Phoenix American will support Leitbox with its investor services platform, including the STAR-XMS shareholder management/transfer agency system.
ART consolidates with State Street
Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
REAG selects Multifonds
REAG Investimentos, the second-largest independent fund administrator in Brazil, has selected Temenos Multifonds to replace its existing investment operations platforms. With >350 funds under administration, worth BRL76bn (USD14.4bn), REAG offers solutions and services aimed at investors and high-net-worth families, as well as businesses looking to buy, sell, or go public. REAG selected Temenos Multifonds to…
LB-P AM appoints EFA
European Fund Administration has been appointed by LB-P Asset Management to provide administration and accounting services for its Euro Immo Scope and Exibail funds. Euro Immo Scope is a UCITS that invests in shares of companies operating in the real estate sector. Exibail is an OPPCI whose investment strategy aims to build up a portfolio…
A10 deploys Precision LM
A10 Capital has selected SS&C’s Precision LM to support its USD2.4bn loan servicing portfolio, comprised primarily of real estate loans. A10 has adopted Precision LM as its direct lending, loan servicing and asset management platform.
Citi to service Sanlam Private Wealth
Citi has been appointed by Sanlam Private Wealth, a South Africa-based wealth manager, for a range of services, including execution, cash and custody for Sanlam Private Wealth’s non-domestic client securities. The appointment forms part of a transformation of Sanlam Private Wealth’s business model, which includes a new investment platform and the outsourcing of trading and…
First Manhattan launches active ETF
First Manhattan Co. appointed Ultimus Fund Solutions to assist the firm in launching its first actively managed ETF. First Manhattan is an independently owned and operated investment advisory firm currently managing >USD20bn. The firm recently launched the FMC Excelsior Focus Equity ETF (FMCX), which utilises Precidian Investments’ proprietary actively managed ETF structure, ActiveShares.
Aztec supports EUR9bn fund launch
Aztec Group, the C.I.-based administrator, has supported the launch of the EUR9bn (USD8.8bn) Nordic Capital Fund XI. Aztec has also been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund from its Jersey and Luxembourg offices, extending its relationship with Nordic Capital which dates back to 2013. Fund XI marks…