Northern Trust has been appointed by Polar Capital to provide global custody, depositary, transfer agency, fund accounting and currency management services to the Melchior Selected Trust. Domiciled in Luxembourg, Polar Capital’s Melchior Selected Trust was launched in 2010 and is comprised of the Melchior Absolute Return Fund, European Opportunities Fund and Global Equity Fund. All are structured under a SICAV fund umbrella, with AuM collectively of GBP812m (USD896m).
Headquartered in London, Polar Capital is a specialist, investment-led, active fund manager with GBP19bn (USD21bn) AuM. Northern Trust has provided asset servicing solutions to Polar Capital since the company’s formation in 2001. These include fund administration and global custody services for its Ireland-domiciled UCITS fund range and two funds domiciled in the U.S.