The Aztec Group, a C.I.-based administrator, has been selected to provide depositary services to Stafford Capital Partners, a U.S. real assets and private markets investment and advisory group. Aztec will act as a depositary to 13 investment vehicles with over USD1.9bn in assets.
Category: Alts
HSS partners with AcadiaSoft for IMS
HSBC Securities Services will partner with AcadiaSoft to deliver a full end-to-end independent Initial Margin Service for its clients who are preparing for Phase 5 and Phase 6 regulatory initial margin. This functionality will enable HSS to calculate initial margin in compliance with the ISDA standard initial margin model (SIMM) independent of the clients’ counterparty.…
FIS takes majority stake in Virtus
FIS, the U.S.-based technology firm, has acquired a majority stake in the specialist alternatives fund solutions provider, Virtus Partners. Virtus focuses exclusively on managers in the credit space. Terms were not disclosed.
State Street partners with Gemini for digital asset reporting
State Street has launched a new digital asset pilot in collaboration with Gemini Trust Company, LLC, a cryptocurrency exchange and custodian. The pilot will combine Gemini Custody with State Street’s back office reporting, performing reporting scenarios on a user’s holdings within Gemini Custody. Initially, the pilot reports holdings of two cryptocurrencies chosen for liquidity reasons,…
Northern Trust launches Margin Segregation service for OTC derivatives
Northern Trust has expanded its collateral management services for OTC derivatives trading. The new functionality will enable asset managers and institutional investors to outsource aspects of regulatory compliance to Northern Trust and optimise collateral selection. The Margin Segregation Service includes new capabilities that streamline complex processes for meeting uncleared margin rules, such as undertaking industry-standard…
NES to service new OZ fund for Synergy Financial
NES Financial, the Silicon Valley-based administrator, has been appointed to provide its Opportunity Zone fund administration solution to Synergy Financial, a real estate investment firm based in Boston.
Atwater Capital appoints Socium as administrator
Socium Fund Services, a U.S.-based administrator focused on private capital, has been hired by Atwater Capital, LLC, a private investment firm that provides equity capital and debt financing in the media and entertainment sectors. Socium will provide operational and fund administration services.
TIG Advisors selects SS&C Geneva for portfolio accounting
Tiedemann Investment Group (TIG Advisors), a U.S.-based alternative investment advisor, has selected SS&C Geneva for portfolio accounting. TIG Advisors is also using SS&C Eze OMS for order management and compliance.
HSS launches blockchain platform for private asset recordkeeping
HSBC Securities Services has launched Digital Vault, a custody blockchain platform to digitise the transaction records of private placements. The platform will enable global custody clients to access details of their private assets, including equity, debt and real estate, directly and in real-time instead of having to request a search of paper-based records. HSS says…
FD Stonewater appoints CBRE as fund and property administrator
CBRE has been appointed as the fund and property administrator for FD Stonewater, a Washington, D.C.-based real estate brokerage, investment, development and asset management firm. CBRE’s accounting & reporting team will deliver integrated development, property and venture-level accounting and administration services for FD Stonewater’s U.S. investments.