Pear Tree Advisors, a U.S. manager, has appointed UMB Fund Services to provide fund accounting and global custody services for its mutual funds. UMB will provide global custody through its institutional custody division, while the fund services division will also provide tax and reporting services to Pear Tree’s six funds, which have USD5bn AuM. UMB…
Category: Mandates
State Street expands relationship with ANIMA
State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…
Langham Hall supports Coniston Capital’s maiden fund
Langham Hall has supported Coniston Capital, a UK-based private equity investor, with the launch of its maiden fund, Coniston Capital I LP, which has initially closed at GBP24m (USD33m). Langham Hall has been appointed to provide administration and accounting services from its London office.
Putnam appoints State Street for new actively managed ETFs
Putnam Investments, which recently listed four actively managed, semi-transparent ETFs on NYSE, has appointed State Street as its service provider. Putnam leverages a proxy-based actively managed ETF model for the funds. State Street currently provides back-office work, specifically accounting and custody services, to the Boston-based investment management firm, which has USD200bn AuM.
HomeCo appoints Equity Trustees as custodian for AUD650m REIT
Home Consortium has announced plans to list its new healthcare focused REIT, HealthCo Healthcare and Wellness REIT, on the ASX after raising AUD650m (USD477m). Equity Trustees has been appointed as custodian for the listed fund and currently acts as custodian for the HomeCo Daily Needs REIT.
Ocorian supports GBP180m Seraphim Space Investment Trust
Ocorian, the C.I.-based administrator, has supported the GBP180m (USD250m) initial public offering of Seraphim Space Investment Trust plc on the main market of the London Stock Exchange. The trust is a closed-ended investment company and will invest in a diversified international portfolio of early and growth stage space technology businesses. Ocorian’s UK team is providing…
U.S. Marshals switch to Anchorage for crypto asset custody
In what appears to be change of heart, the U.S. Marshals Service (USMS), a part of the Department of Justice, is using Anchorage Digital for the custody of seized digital assets. Anchorage Digital said that it will also provide “accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin…
CACEIS to service first SIS in Italy
CACEIS has been selected by Fondazione Golinelli, Fondazione di Sardegna and Antonio Falcone as custodian and fund administrator for the Utopia project, the first simple investment company (SIS) to commence activity in Italy.
Hill Country appoints Arcesium/J.P. Morgan
Hill Country Asset Management, a U.S.-based alternatives manager, has appointed Arcesium LLC, a financial technology and professional services firm, to deploy Arcesium’s joint offering with J.P. Morgan’s Securities Services. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and J.P. Morgan will act as Hill Country’s…
GSAM appoints Enfusion for AIMS business
Goldman Sachs Asset Management’s alternative investments & manager selection business (AIMS), has appointed Enfusion, a U.S.-based fintech focused on the investment management sector, to provide investment management technology solutions and middle- and back-office managed services. Enfusion created a customised solution via API so that AIMS can import data into the Enfusion platform in real-time, providing…