ODDO BHF Asset Management, the Franco-German group which has EUR142bn AuM (USD152bn), is to outsource the administration of its German mandates to Universal Investment. This covers the accounting and support of special (Spezialfonds) and mutual funds with a value of c.EUR20bn (USD21bn). Universal Investment will eventually take over significant parts of fund accounting and administration. The transfer of operations will start in September 2022 and is expected to be completed by summer 2023.
