Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
Category: Alts
Todd Werner joins Ultimus LeverPoint
Ultimus LeverPoint Private Fund Solutions, part of Ultimus Fund Solutions, has appointed Todd Werner as SVP, private fund operations, a newly created role. Prior to joining Ultimus LeverPoint, Werner was director of SS&C Technologies’ private equity services.
Sphera selects SS&C’s EZE front office solution
Sphera, a Tel Aviv and New York-based long/short global investment firm with USD1.9bn AuM, has chosen SS&C’s Eze Investment Suite for its front-office operations. Sphera will use Eze Investment Suite to run its entire investment process, including order management, modelling and simulations, cash projections, trading, compliance checks, historical book of records and reporting. Sphera also…
Dalmore appoints NatWest T&D for new PE fund
NatWest Trustee and Depositary Services, part of Royal Bank of Scotland, has been appointed as depositary for a new Dalmore Capital Limited Fund, Dalmore Capital Fund 4 LP. Dalmore Capital is a UK-based fund management company which focuses on investment in infrastructure assets in the UK. It currently manages over GBP5.5bn (USD7.5bn).
True appoints Mainspring for new PE fund
Mainspring, a UK-based administrator, has been appointed as fund administrator for True’s third private equity investment fund of GBP275m (USD377m).
PEF appointed by RFE
PEF Services LLC, the alternatives administrator recently acquired by CSC, has been appointed by RFE Investment Partners to provide fund administration services. RFE is a U.S.-based private equity firm.
Laura Hazzard joins Sanne
Laura Hazzard has joined Sanne as a director within the private equity division in Jersey, C.I. She was previously at Apex.
Margarita Murray joins Citco
Margarita Murray, who left the industry in 2018 after working for Standard Chartered and HSBC in the U.S., has joined Citco as a senior relationship manager, based in New York.
Apex partners with VCP
Apex has entered into a joint venture with VCP Advisors, a UK-based provider of financial, advisory and capital raising services for corporate and fund manager clients. VCP works with companies and closed-ended and open-ended funds across the private equity, private credit, venture capital, infrastructure, real estate and hedge fund asset classes, providing advisory, capital raising…
Duncan Christie joins Gen II in Luxembourg
Gen II Fund Services, the specialist private assets administrator which has USD600bn AuA, has appointed Duncan Christie as head of operations and client services and a member of the executive committee in Luxembourg. He joins from IFDS in Luxembourg, where he was COO, responsible for operations, client service, business transformation, and research & development.