Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.
Category: Alts
BlackRock to acquire Preqin
BlackRock has agreed to acquire Preqin, an independent provider of private markets data, for GBP2.55bn (USD3.2bn) in cash. The combination of Preqin with eFront, Aladdin’s private markets solution, brings together the data, research, and investment process for fund managers and investors across fundraising, deal sourcing, portfolio management, accounting, and performance. Preqin will also continue to…
Lansdowne selects HUB for performance reporting
Lansdowne Partners, a UK-based active alternative investment firm, has selected HUB Performance Reporting, a SaaS solution that ingests and standardises data centrally and enables automated share class performance analysis. HUB Performance Reporting eliminates the need for manual data collation, preparation and analysis. HUB delivers a governed and standardised approach, enabling users to create and distribute…
Taurus links to Stellar
Taurus, the Switzerland-based digital asset infrastructure provider, has made its custody platform, Taurus-PROTECT, and its digital issuance and tokenisation platform, Taurus-CAPITAL, available on the Stellar network. The Stellar network is an open-sourced, public blockchain and a provider of asset tokenization services. This integration will cover the custody of any Stellar tokenised assets through Taurus-PROTECT, as…
21Shares appoints Zodia
Zodia Custody has been appointed by 21Shares, the Switzerland-based ETP issuer, to provide custody services for their physically-backed ETPs in Switzerland and the wider European market.
Chan leaves IQ-EQ
After three years with IQ-EQ, Edwin Chan is leaving his job as CCO for the UK. He has not announced his next role.
Ogier granted Lux licence
Ogier Global, Ogier‘s corporate and fiduciary services division, has been granted a fund administration licence by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Ogier Global will now extend its range of services to include fund administration, corporate and domiciliation services from Luxembourg.
VanEck launches BTC ETF in Australia
VanEck has launched the first bitcoin ETF to be listed on the ASX in Australia. Gemini Trust Company has been appointed as bitcoin custodian, with Link Market Services Limited as registrar. State Street Australia Limited will act as administrator of the fund and custodian of the fund’s cash assets. This follows the recent launch of…
Carne acts as ACD for new LTAF
Arcmont Asset Management, the Nuveen-controlled European private debt asset management firm, has received regulatory approval from the UK’s Financial Conduct Authority to launch a long-term asset fund (LTAF), with Carne Global Fund Managers (UK) Ltd as the LTAF’s Authorised Corporate Director.
NAB invests in Zodia
Zodia Custody, the digital asset custodian, has received an investment from NAB Ventures, the venture arm of NAB. Zodia is owned by SC Ventures, in association with Northern Trust.