Ultimus Fund Solutions has supported the launch of two new ETFs by asset management firm New Age Alpha. Ultimus had been working with New Age Alpha for more than a year prior to the launch, supporting the firm’s hedge fund launch in addition to its entire middle office operations.
Category: Mandates
Ocorian to administer first Ivory Coast fund
Ocorian, the C.I.-based administrator, has been chosen as fund administrator for what is thought to be the first fund established in the Ivory Coast – ACMC. The fund is dedicated to the tourism and real estate sector in West Africa and is looking to capitalise on strong demand for tourism-related real estate and high-level residential…
Apex to administer US Gold Opportunity Fund
Apex has been appointed to provide fund administration and accounting services to the US Gold Opportunity Fund LP, a qualified opportunity fund that offers investors “a simple, tax efficient, cost effective, liquid approach to investing in gold bullion”. USGO is structured as a qualified opportunity fund to provide its investors with the potential tax benefits…
Mainstream selects Harmonate for PC data management
Mainstream Fund Services, the Australian administrator that is in the process of being acquired by Apex, has selected Harmonate to provide private capital data operations. Texas-based Harmonate will support the automation of document and data processing and intelligence.
Equity Trustees appointed as RE for new ‘deep green’ fund
Equity Trustees has been appointed as a responsible entity (trustee) for Haven Wealth Partners, which has launched its first fund in the Australian market with a focus on ‘deep green’ ethical investing. The Haven Wealth Partners Ethical Absolute Return Fund is a value-focused ethical absolute return fund, which applies stringent positive and negative screens to…
Apex to service Masdar Green REIT
Apex has been appointed as fund administrator of the Masdar Green REIT, the first REIT in the Middle East region to invest solely in sustainable real estate assets. The fund is managed by Masdar Capital Management Limited, a manager incorporated in the Abu Dhabi Global Market. The REIT’s portfolio is currently comprised of four commercial…
SGSS to act as depositary for new fund from SWEN
SWEN Capital Partners, a France-based provider of unlisted sustainable investment solutions, has launched its second European impact fund, Blue Ocean. The fund aims to raise EUR120m (USD143m). SGSS has been appointed as the fund’s depositary.
Argenta appoints EFA for reporting and monitoring services
Argenta Asset Management SA, a Luxembourg-based manager, has appointed EFA to provide UCITS risk reporting and sanctioned securities monitoring services.
my529 appoints State Street for investment servicing solutions
State Street has been appointed by my529 to provide investment servicing solutions, covering accounting, daily NAV calculations, performance reporting, and daily cash settlements, as well as dynamic cash allocations, trading, and rebalancing services. my529, Utah’s official nonprofit 529 educational savings plan, is available to residents of any state and currently has over USD20bn AuM.
Apex expands relationship with Launch Africa
Apex has expanded its relationship with Launch Africa Ventures, a pan-African venture capital fund. Apex has been appointed to provide fund administration and accounting, fiduciary, investor reporting and tax compliance services to support the growth of Launch Africa’s current and future funds.