The UK’s Financial Conduct Authority has granted approval for the launch of the CG Aegon AM Private Credit LTAF, Aegon Asset Management’s first long term asset fund. Carne Group, which claims to be Europe’s largest independent third-party ManCo, will be the authorised corporate director (ACD) of the fund.
Category: Mandates
ATP appoints BNY
BNY has been selected by Arbejdsmarkedets Tillægspension (ATP), Denmark’s mandatory government pension scheme, to provide custody and associated services. BNY will provide asset servicing, trade support, collateral management, and other services for ATP’s DKK 718bn (USD100bn) in assets. With 5.6 million members, ATP is one of the largest asset owners in Europe, providing income-related pensions…
State Street onboards UK TA client
State Street has onboarded River Global as a client of its newly launched transfer agency service in the UK, supported by ZILO, a fintech specialising in global asset and wealth management software. State Street participated in ZILO’s Series A fundraising round in January 2024. State Street offers institutional transfer agency services in 14 markets.
BNY wins in South Africa
Futuregrowth Asset Management has appointed BNY to provide performance solutions. BNY’s software will provide Futuregrowth with a performance engine and analytics enabling Futuregrowth to compute daily attributions. Futuregrowth is a fixed income manager based in South Africa.
Ultimus supports active ETF launch for Ocean Park
Ultimus has supported the launch of four new active ETFs for its longstanding client, Ocean Park Asset Management. The ETFs are in addition to eight mutual funds that Ultimus has supported since 2007.
Brickwood appoints NTRS
Northern Trust has been appointed by Brickwood Asset Management, a UK asset management firm launched in 2024, to provide asset servicing solutions across front, middle and back-office functions. Solutions to be provided include Northern Trust’s investment data science partnership with Equity Data Science, as well as outsourced trading via Integrated Trading Solutions and a range…
Maples advises on new fund
Maples and Calder, the Maples Group’s law firm, has advised on the launch of the Daiwa Blackstone Infrastructure Fund. The fund, which was recently launched, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan. The fund is managed by IQ-EQ Fund Management (Ireland) Limited, IQ-EQ’s Irish fund management…
Generation Life appoints Northern Trust
Northern Trust has been appointed to provide global custody and valuation reporting services for Generation Life, an Australian life insurance company. Northern Trust will provide support to AUD1.5bn (USD950m) of Generation Life’s portfolio assets, including domestic and international equities, bonds, FX, and SICAVs.
SS&C wins in Singapore
Arrowpoint Investment Partners, Singapore’s new multi-strategy hedge fund investment firm, has selected to administer its multi-strategy fund. The fund currently leverages 18 portfolio managers in Hong Kong and Singapore across various strategies.
Euroclear connects with BBH
BBH has partnered with Euroclear to provide SWIFT message transformation and network connectivity for its new bilateral repo service. To effectively communicate with custodians across inter-dealer markets, Euroclear is deploying BBH Infomediary Data Solutions, a set of data management capabilities that help financial institutions overcome their operating model challenges across their network of providers. The…