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.
Year: 2021
Archer adds John Lehner to board
Archer, a service provider to the investment management industry, has appointed John Lehner as a member of its board of directors. Lehner has previously worked at State Street, BNY Mellon and Eagle Investment Systems.
Apex participates in Series A funding for Inveniam
Inveniam Capital Partners, Inc will close its USD25m Series-A round this month with lead investments from Apex Group, K20 Fund, Dev.Pro, and Global Blockchain Ventures. Inveniam’s software platform, Inveniam.io, is an operating system for real asset data in the decentralised market.
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…
Burgiss and Caissa to merge
The Burgiss Group, LLC and Caissa, LLC have entered into a definitive agreement to merge. On a combined basis, the firm will be one of the world’s leaders in private capital and total investment plan solutions. The combined firm will be headquartered in Hoboken, New Jersey and have over 450 employees worldwide. Burgiss is a…
State Street launches GIPS solution
State Street has struck a partnership with The Spaulding Group, a provider of investment performance measurement services, to launch its Global Investment Performance Standards (GIPS) asset owner solution. The combination of State Street’s core performance services and operational support with The Spaulding Group’s educational, consulting, and verification capabilities aims to provide asset owners with the…
Ocorian hires new head of global funds
Ocorian, the C.I.-based administrator, has hired Garrett Breen as head of global funds. Based in Dublin, he reports to Mike Hughes, Ocorian’s global head of service lines and business development. He joins from J. P. Morgan, where he led the hedge fund services business.
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…
Ultimus hires senior ETF specialist
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has hired Michael Prendergast as SVP, ETF senior product specialist. Prendergast has previously worked at State Street and J.P. Morgan in senior ETF-related roles. Ultimus reports that, since the beginning of 2020, it has doubled the number of ETFs it services.
IQ-EQ appoints new CEO for Asia
IQ-EQ, the Luxembourg-based administrator, has appointed Michael Marquardt as regional CEO for Asia. He was previously COO of Zerobridge Partners.