IQ-EQ, the Luxembourg-based provider of corporate and fund services, has supported the spin-out of Claret Capital Partners from Harbert Management Corporation, a U.S.-based manager focused on alternative assets, with approximately USD7.4bn AuM. This transaction sees Claret assume full ownership and control of the general partners of Harbert European Growth Capital debt funds, with >EUR400m (USD470m)…
Year: 2020
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
Socium and Eleven partner to improve end-investor experience
Socium Fund Services, a U.S.-based provider of fund administration services for alternative investment funds, has partnered with Eleven, a fintech specialising in the alternative investments industry, to release new technology that aims to transform how investments in private equity funds and hedge funds are made. The technology moves the fund subscription process to a three-way…
Daniel Hickey joins RBC as global head of network management
RBC Investor & Treasury Services has appointed Daniel Hickey as global head of network management, based in the UK. He joins from Barclays Bank, where he was head of EMEA network management. Hickey inherits a completely revamped network that was rationalised through a project known as Network 2.0, reducing the number of providers from 23…
MUFG Investor Services launches contingent NAV solution
MUFG Investor Services has launched cNAV, its contingent net asset value solution for mutual funds.
Pershing Square appoints Northern Trust for multi-domicile admin mandate
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management, a New York-based manager with USD9.4bn AuM. Northern Trust will support Pershing Square’s funds domiciled in Guernsey, Cayman and Delaware
Sanne hires Jan Barre as Luxembourg business development director
Sanne, the UK-listed corporate services and fund administration provider, has appointed Jan Barre as director of business development in Luxembourg. He joins from International Fund Services and Asset Management.
Northern Trust launches end-investor portal for alts managers
Northern Trust has launched an investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customised views and analysis. Built in partnership with fintech provider InvestCloud, the investor portal provides: Direct interface allowing investors 24/7 access to their updated investment data. Secure data transmission and data visualizations of metrics including…
Foreside acquires ICSGroup
Foreside Financial Group, a U.S.-based provider of governance, risk management, and compliance service and technology to the global asset and wealth management industry, has acquired the regulatory compliance business of Integrated Compliance Solutions Group, a U.S.-based regulatory compliance services firm serving the asset management industry in the U.S. and Africa, with an emphasis on private…
Alter Domus appoints Sum Tze Sheng to lead Mauritius
Alter Domus, a Luxembourg-based provider of administrative solutions to alternative investment managers, has appointed Sum Tze Sheng as country executive for Mauritius, in addition to his current role of country executive for Singapore. Based in Singapore, he will be responsible for Alter Domus’ activities in both countries and will continue reporting directly to the chief…