iCapital Network, a financial technology provider for the alternatives industry, has agreed to acquire the Artivest platform and operating businesses. Under the terms of the agreement, iCapital will purchase the majority of Artivest’s assets, including all technology and its operating platform. The transaction also includes management of Artivest’s 28 proprietary alternative investment funds, along with…
Year: 2020
Intertrust hires Derek Ramage as head of fund ops in Lux
Intertrust, the Netherlands-based provider of corporate and fund solutions, has appointed Derek Ramage as head of fund operations. He will be based in Luxembourg. Ramage will have responsibility for client service and expanding the company’s Luxembourg-based private capital fund business. He will also have responsibility for the day to day running of fund operations, including fund accounting,…
Northern Trust deploys machine learning for FX management
Northern Trust has enhanced its currency management solutions with machine learning models designed to enable greater oversight of thousands of daily data points and help reduce risk throughout the currency management lifecycle. The solution has been developed in conjunction with Northern Trust’s strategic partner, Lumint Corporation. The advanced technology used by the Robotic Oversight System…
GaoTeng appoints Lemanik, BBH for first UCITS fund in Ireland
GaoTeng Global Asset Management Limited, a Hong Kong-based manager, has launched its first UCITS fund, domiciled in Ireland. GaoTeng has appointed Lemanik as the UCITS ManCo, with Brown Brothers Harriman as fund administrator.
Aztec promotes two in real assets leadership team
Aztec Group, the C.I.-based administrator, has made two senior appointments to its real assets leadership team. Farhan Ahmed has been appointed as head of real assets in Luxembourg, while Richard Anthony has assumed the role of head of real assets in Jersey. Both are internal appointments.
Citi to service new family of ETFs for Tuttle Tactical Management
Citi has been appointed by Tuttle Tactical Management to provide full ETF services for its new Trend Aggregation family of four ETFs. Citi’s services include basket creation, fund accounting and administration, custody, fund compliance, and transfer agency services. This new mandate expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services…
Citi refines senior management structure for E&SS
Less than a year after the creation of its equities and securities services business, Citi has decided to refine the senior management structure. There will now be two leaders, a global head of equities and a global head of securities services. The latter will be run by Okan Pekin, covering custody and fund services, direct…
Modular AM appoints Northern Trust for new Asia funds
Northern Trust has been appointed by Modular Asset Management (Singapore) Pte. Ltd to provide custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services. Modular, which was spun out of Millennium Capital Management at the beginning of 2020, is a specialist Asian macro alternative investment management company licensed by the Monetary Authority of…
CACEIS completes first wave of fund migrations for CANDRIAM
CACEIS has completed the first of three fund migration waves for CANDRIAM, the French asset manager. This operation took place while all teams were working remotely. The migration involved 26 Luxembourg sub-funds accounting for some EUR10bn in assets. The operation involved a range of services, including depositary, custody, fund administration, transfer agency, fund distribution, securities…
CSC to open in Dublin
CSC, the privately owned U.S.-based provider of alternative fund administration and corporate services, has been licensed by the Central Bank of Ireland to establish a fund services operation in Ireland. Liam McHugh, managing director of fund services for CSC, will head the Dublin office, with a senior management team including David Barry as head of…