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…
Category: Mandates
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…
Janney appoints SS&C
Janney Montgomery Scott, a U.S.-based wealth management, financial services, and investment banking firm, has appointed SS&C to provide investment performance and reporting. Janney will deploy SS&C’s performance measurement and client reporting technology and outsourced operational services for its wealth management business.
Carrara appoints SS&C GlobeOp
Carrara Capital, an Australia-based investment management firm, has appointed SS&C GlobeOp as fund administrator for its recently launched multi-strategy fund.
IQ-EQ supports new RE fund
IQ-EQ has supported Premico, a Finland-based real estate fund manager, with the first closing of its newest residential fund, Premico Residential Fund III, raising EUR45m (USD44m) in equity commitments. IQ-EQ Luxembourg is providing fund administration, depositary and AIFM services, as well as corporate services and directorship for the GP and MasterCo.
Madison signs with Confluence
Confluence, a U.S.-based fintech provider for the investment management industry, has signed a multi-year contract with Madison Investments. The Wisconsin-based firm, with >USD20bn AuM, uses the Confluence composites solution to support its compliance with GIPS (Global Investment Performance Standards).