4Pines Fund Services, the U.S.-based start-up private equity administrator, has hired Celeste Barone as president and chief client officer. She joins from Commonfund, where she was CFO.
Category: Headlines
Prescient to host Equitile’s Irish UCITS fund
The UK’s Equitile Investments has launched its first Irish-domiciled global equity fund. The UCITS fund will be hosted on the Prescient Global Funds ICAV platform and had USD77m AuM at launch.
TMF bolsters fund services management team in Singapore
TMF Group, a Luxembourg-based professional services firm, has appointed two new executives to its funds business unit in Singapore. William Fung joins as head of fund services, Singapore & Malaysia, and Thurgagini (Gini) Thaverajah joins as client service director. Before joining TMF, Fung was head of operations at Alter Domus in Singapore. He will report…
Equiom launches super ManCo in Ireland
Equiom, the Isle of Man-based corporate and fund services provider, has launched Equiom Fund Solutions Ireland Limited, a super ManCo offering both AIFM and UCITS solutions for regulated funds. Kevin Bardon, who will head the business, joins from Deutsche Bank, where he led its Irish super ManCo platform, and has also worked at Citco and…
MJ Hudson acquires PERACS
MJ Hudson, the UK-based asset management consultancy, has acquired PERACS, a fund and portfolio performance specialist. The PERACS business will operate under the name of MJ Hudson Fund Performance Analytics. This is the fourth acquisition by MJ Hudson’s Data & Analytics division in two years: Meyler, a marketing analytics business; Spring Associates Responsible Investor Services,…
Citi & HSBC facilitate first QFII MF&SS transactions in China
Both Citi and HSBC have announced their facilitation of margin financing and short selling transactions in China on the first day that offshore investors have been allowed to participate in MF&SS transactions on the Shanghai and Shenzhen stock exchanges under the QFII scheme. Both banks have been market leaders in supporting global investors through the…
FundRock wins UK mandate for Jupiter’s US Smaller Companies investment trust
FundRock, a Luxembourg-based administrator, has been appointed in the UK as AIFM and company secretary for Jupiter US Smaller Companies PLC. FundRock will provide oversight of the delegated functions as well as risk and compliance monitoring. FundRock will leverage its established investment trust business and its existing partnership with J.P. Morgan for depositary, custody and…
Universal-Investment to buy Metzler’s Irish business
Universal-Investment Group is entering the Irish fund market with the acquisition of Metzler Ireland Limited (MIL). MIL has 20 employees with c. EUR2.8bn under management. The company is a part of B. Metzler seel. Sohn & Co. KGaA, a German private bank. Closing of the acquisition is subject to regulatory approval.
Link to acquire Casa4Funds in Lux
Link Group and Banor Capital have signed an agreement for the acquisition of Casa4Funds by Link. Completion of the transaction is subject to regulatory approvals. Casa4Funds is a European independent third-party UCITS ManCo and AIFM, based in Luxembourg. The combined businesses will have approximately EUR3bn AuM in Luxembourg and EUR100bn across Europe.
Apex to acquire Mauritius-based GFin
Apex has announced plans to acquire GFin Corporate Services Ltd., a Mauritius-based management company providing fund administration services to institutional clients. GFin provides a range of services including company, trust and fund formation, corporate and trust administration, fund administration, corporate structuring, tax compliance, accounting and tax services, NAV calculation, directorship, company secretarial and share registry.…