In an effort to close the gap with other offshore centres, the States of Jersey (Channel Islands) has passed legislation for a new LLC structure that aims to improve connectivity between the jurisdiction and U.S. alternative fund managers, providing enhanced options for U.S. managers looking to structure European-focused funds. The new LLC structure, which comes…
Year: 2023
Copper hires from LSEG
Ben Lorente has joined Copper.co, the UK-based digital assets service provider, as head of alliances and partnerships. He previously spent more than five years at LSEG, most recently as global head of strategic partnerships.
CACEIS to support SideCaps
Germany-based fintech SideCaps has launched a block trade platform for listed SME secondary-line stocks. The platform is designed to create a liquidity pool for German SME block trades. Vertically integrated with XETRA and Eurex CCP, SideCaps provides counterparty risk management and settlement discipline. CACEIS will settle and clear cash equity transactions for all trades executed…
Illinois Firefighters consolidate with Northern Trust
The Illinois Firefighters’ Pension Investment Fund (FPIF) has selected Northern Trust to provide custody services for the combined pension assets of approximately 300 firefighter pension funds across suburban Chicago and downstate Illinois. Created by the Illinois Pension Code in 2019, the FPIF is responsible for consolidating, managing and investing the assets of municipal and fire…
SNB Capital taps Broadridge for sec finance
SNB Capital, the largest broker and asset manager by market share in Saudi Arabia, has chosen Broadridge to help build its local securities lending and borrowing business. SNB Capital will deploy Broadridge’s securities finance and collateral management (SFCM) service, a front-to-back SaaS solution. SNB Capital has a significant global custody and data management alliance with…
BlackRock adopts TradeWeb’s ETF iNAV
Tradeweb Markets Inc., the Nasdaq-listed operator of electronic marketplaces for rates, credit, equities and money markets, has launched a market data service to calculate real-time iNAVs for ETFs. BlackRock has become the first ETF issuer to use Tradeweb iNAVs for its iShares ETF suite in Europe, which are publicly available via Bloomberg and Refinitiv. The…
State Street confirms ART deal
State Street has confirmed the news that first broke last year that it has been appointed to provide custody, investment administration and data management services to Australian Retirement Trust (ART), one of Australia’s largest super funds. ART was formed by the merger of Sunsuper and QSuper and manages >AUD230bn (USD160bn) in retirement savings for its…
Ocorian hires head of global funds for Lux
Ocorian, the C.I.-based administrator, has appointed Peter Corry as head of global funds, Luxembourg. He joins from IQ-EQ where he spent the last three years as country delivery director for its Luxembourg operations. Prior to this, he was managing director of State Street’s private equity and real estate fund administration business in Luxembourg.
SafeGuard appoints Apex
SafeGuard Asset Management, an SEC-registered investment adviser, has appointed Apex to provide fund services to the SafeGuard CORE ONE Fund. Apex will provide fund administration & accounting, transfer agency and compliance services.
Yealand to service Sterling’s flagship fund
Sterling Investment Management has selected Yealand Fund Services, a UK-based administrator, to provide ACD and fund administration services. Sterling Investment Management manages the YFS Sterling Select Companies Fund, established in 1963.