Itau Unibanco S.A., Latin America’s largest bank, has appointed BNP Paribas Securities Services to provide local custody and settlement services for its assets in the Colombian market.
Category: Mandates
AXA IM expands SimCorp relationship
AXA Investment Managers has expanded its relationship with SimCorp, the Denmark-based provider of SaaS investment management solutions, to include SimCorp’s recently launched investment accounting services. The services include an investment accounting advisory overlay with access to a team of local accounting experts. It enables clients to access reports via an intuitive cloud-based self-service portal, consolidating…
Adit hires Apex for new ILP
Apex has been appointed to provide fund administration services to Adit Ventures’ new Irish-domiciled Investment Limited Partnership fund. Services include fund accounting, investor services and audit assistance. Adit recently appointed two JTC-owned firms to provide AIFM and depositary services to the fund.
New ILP appoints JTC for AIFM and depositary services
Ballybunion Capital Limited and INDOS Financial (Ireland) Depositary Limited, two firms acquired by JTC in 2021, have been appointed to provide AIFM and depositary services respectively to Adit Global Growth, ILP. The fund, which will be distributed across a number of European countries and the UK, is expected to raise up to USD50m.
Ocorian supports SilkRoad with new RE fund
Ocorian, the C.I.-based administrator, has supported SilkRoad Property Partners, a private equity real estate firm, with the first close of its Core-plus real estate fund at USD144m.
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…
BP2S wins India mandate for AIMCo
BNP Paribas Securities Services has been appointed by Canada’s Alberta Investment Management Corporation to provide custody, clearing and settlement services for its recent investment into India. AIMCo is among a number of international investors to commit to India’s first renewable energy infrastructure investment trust, Virescent Renewable Energy Trust. AIMCo is one of Canada’s largest institutional…
Ultimus reports major ETF growth
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting and investor solutions, has reported a nearly 150pct increase in the number of ETFs serviced since 2020. Ultimus now claims to be the third largest named ETF administrator in the U.S., based on the number of ETF sponsors it supports.
BNY Mellon selects ALTO* for control & compliance
BNY Mellon has chosen Amundi Technology and its ALTO* platform to deliver trustee controls and compliance monitoring for depositary and fund administration functions. The solution will be deployed across BNY Mellon global operations. ALTO* Investment Compliance is a component of the ALTO* Asset Servicing, part of Amundi’s ALTO* (Amundi Leading Technology and Operations) portfolio management…
SS&C to provide risk analytics for new bitcoin fund
ProFunds, a mutual fund provider with c. USD60bn AuM, has appointed SS&C to provide 18f-4 risk analytics for its BitCoin Strategy ProFund. ProFunds claims that this is the first publicly available U.S. mutual fund whose investment results generally correspond to the performance of bitcoin, before fees and expenses.