Northern Trust has been selected by Wilmington Trust, N.A. to provide custody, fund accounting, fund administration, fund-of-fund administration, and transfer agency services for collective investment trust (CIT) funds with approximately USD90bn in total balances. Rob Barnett, EVP and head of intermediary sales at Wilmington Trust, said: “CITs continue to be an increasingly popular investment vehicle…
Category: Mandates
Apex to administer ETFs for 3iQ
Apex has been appointed as administrator by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager that offers investors investment products to gain exposure to digital assets. Founded in 2012, 3iQ is Canada’s largest digital asset investment fund manager with more than CAD1.8bn (USD1.4bn) AuM. New funds, 3iQ CoinShares Bitcoin Feeder ETF and…
NatWest wins UK depositary mandate for JLEN
NatWest Trustee and Depositary Services has been appointed as the UK depositary for JLEN Environmental Assets Group Limited. JLEN is a Guernsey incorporated, London listed investment company, managing a diversified portfolio of environmental infrastructure projects and assets in the UK and Europe, including wind, solar, hydro, anaerobic digestion, waste & wastewater, and other low carbon…
HSBC wins major AUS ETF mandate
HSBC has been appointed by ETF Securities for middle office, custody and fund administration services for its range of equity products. ETF Securities is Australia’s oldest independent provider of ETFs and has maintained a track record of market innovation since launching the world’s first gold-backed ETF in 2003.
IQ-EQ to support first RE fund for SHRE
IQ-EQ, the Luxembourg-based investor services provider, has been appointed by central European real estate developer SITNO HOLDING Real Estate (SHRE) to provide support services for the launch of its first Luxembourg-domiciled real estate fund. The SHRE SITNO Adriatic Investment Fund, which is targeting a raise of EUR100m (USD107m), will invest in eight real estate development…
Windward launches with SS&C’s front-to-back solution
Windward Management LP, a Miami-based hedge fund management firm, has launched its operations with SS&C’s front-to-back-office solution. SS&C will provide fund administration, order and execution management, investor relations, compliance and regulatory services. SS&C will also support fund and investor accounting, FATCA and CRS compliance, and Form 13-F filings.
RBC to service Tradex in Canada
RBC Investor & Treasury Services has been selected by Tradex Management Inc. to provide back-office services, including custody, fund accounting, securities lending and transfer agency. Tradex, a fund manager based in Ottawa, has exclusively supported the investment needs of public service professionals and their families since 1960. Blair Cooper, president and CEO of Tradex, said:…
BNY Mellon regains USD49bn Arizona fund
Arizona State Retirement System (ASRS) has returned to BNY Mellon as asset servicing provider for the USD49.1bn ASRS Trust Fund. BNY Mellon will provide custody, alternative asset servicing, overnight investment vehicles, securities lending, performance analytics and investment compliance monitoring for the fund, which serves employees of the state, counties, municipalities, universities, community colleges, school districts,…
K2 appoints State Street for ETH ETF
K2 Asset Management has appointed State Street Australia Limited as the fund administrator in Australia for the Cosmos Purpose Ethereum Access ETF (Cboe: CPET). CPET’s underlying asset is the Purpose Ethereum ETF which is managed by Purpose Investments and quoted on the Toronto Stock Exchange. The Purpose Ethereum ETF has been established to buy and…
ODDO BHF outsources German fund administration
ODDO BHF Asset Management, the Franco-German group which has EUR142bn AuM (USD152bn), is to outsource the administration of its German mandates to Universal Investment. This covers the accounting and support of special (Spezialfonds) and mutual funds with a value of c.EUR20bn (USD21bn). Universal Investment will eventually take over significant parts of fund accounting and administration.…