18FEB20: Northern Trust has been appointed by the Illinois Municipal Retirement Fund to provide its Integrated Trading Solutions package, including outsourced trading and middle office functionality, for a domestic equity portfolio managed internally by IMRF, the state’s second-largest public retirement plan. Northern Trust and IMRF have a more than 30-year relationship. Northern Trust provides global…
Category: Mandates
Aztec to administer UK RE fund for BMO Real Estate Partners
Aztec Group, the C.I.-based administrator, has been selected to provide administration services for the investments held in the BMO UK Housing Fund, managed by BMO Real Estate Partners, the real estate arm of BMO Global Asset Management.
HSS appointed as global custodian for China’s Tianhong AM
HSBC Securities Services has been appointed as global custodian for the qualified domestic institutional investor (QDII) fund launched by Tianhong Asset Management Company, one of the largest asset management companies in China. The QDII fund is China’s first dedicated mutual fund providing access for Chinese domestic investors to the Vietnamese capital market.
Aztec to service Luxgrove’s Jersey real estate fund
Aztec Group, the C.I.-based administrator, been selected to provide administration services to Luxgrove Capital Partners, a UK-based real estate investment manager. Aztec will provide a range of administration, accounting and governance services to Luxgrove’s Residential Value Add Fund, which is incorporated as a Jersey private fund.
CANDRIAM to move from RBC to CACEIS
CACEIS has finally confirmed that CANDRIAM, the French asset manager, will migrate asset servicing activities (custody, fund administration, transfer agency) for its Luxembourg and French funds from RBC I&TS to CACEIS. The migration will start at the end of March 2020, following approval by the competent regulatory authorities. It will take place in three waves…
U.S. Bank to administer USD1.9bn mutual fund family for Wilshire
Wilshire Associates has appointed U.S. Bank to provide custody, fund administration and transfer agency services for its family of nine mutual funds with USD1.9bn in assets. U.S.-based Wilshire will continue its relationship with U.S. Bank to service alternative investments, as well as U.S. Bancorp Asset Management for securities lending and overnight investment of cash balances.
NES Financial to administer OZ fund for Hatteras Sky
NES Financial, the Silicon Valley-based administrator, has been appointed to administer a Salt Lake Opportunity Zone Fund for Hatteras Sky, a commercial real estate development firm.
Segall Bryant & Hamill switches USD2.5bn mutual fund assets to Ultimus
Ultimus has been appointed as the mutual fund administration service provider for Segall Bryant & Hamill, an independent investment firm based in Chicago. SBH appointed Ultimus to convert the firm’s 17 mutual funds with over USD2.5bn AuM, and to provide services including financial accounting, fund administration, transfer agency, compliance, and distribution. SBH offers fee-based investment…
Aztec appointed as depositary for Stafford Capital Partners
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.
Storebrand appoints Northern Trust in Luxembourg
Northern Trust has been selected by Nordic investment manager Storebrand Asset Management AS as asset servicing provider for its AIF and UCITS funds domiciled in Luxembourg. Northern Trust will provide global custody, fund administration, transfer agency, depositary, and company secretarial services for the Storebrand funds in Luxembourg. The UCITS umbrella fund will operate a number…