Northern Trust has been appointed by Cadent Gas Pension Trustee Limited as custodian for its public and private assets, as well as for performance and SORP reporting, for its GBP4.6bn (USD6bn) defined benefit scheme.
Category: Mandates
Southeastern selects Ultimus
Southeastern Asset Management, a value investing firm, has chosen Ultimus’ enterprise solution to service its nearly USD5bn portfolio. Ultimus will provide middle- and back-office services for Southeastern’s registered mutual funds, private funds and institutional SMA portfolios.
Raiven appoints Maples for new fund
Raiven Capital, a technology venture capital firm, has selected Maples Group to provide fund administration services for its new fund, domiciled in the Dubai International Financial Centre. The fund’s target size is USD125m.
Windstream deploys HUB
Windstream Partners, a C-suite outsourced solutions provider, is deploying HUB to automate performance reporting, standardizing factsheet generation, report scheduling, and improving its ability to respond to customised client report requests. HUB automates data preparation and validation, with configurable workflows and dashboards, and direct access to fully governed underlying performance data used in factsheet generation. Windstream…
FIIG appoints Equity Trustees as RE
FIIG Securities, an Australia-based fixed income manager, has appointed Equity Trustees as responsible entity (trustee) of its new fund, the FIIG Monthly Income Fund. FIIG has over 9,000 clients with more than AUD4.5bn AuM.
LemonEdge wins Seneschal mandate
Seneschal, the private equity and real assets fund administrator, has selected LemonEdge, the UK-based fund accounting solution for private markets funds, to build its back-office accounting operations. Seneschal provides fund administration and depository services to private equity and real assets funds. Seneschal currently offers services across UK, Luxembourg and Jersey, C.I.
Langham Hall supports Hypha
Langham Hall has supported Hypha, a newly-formed UK asset manager, with the launch of its inaugural private equity fund, Hypha I LP, which is targeting commitments of GBP100m. Langham Hall has been selected to provide fund administration and appointed representative services from its London office.
Australian Ethical appoints CRD
Australian Ethical Investment has selected the Charles River Investment Management Solution to automate its front and middle office processes for its entire investment portfolio. Australian Ethical will use Charles River IMS for portfolio and risk management, trading, compliance, performance measurement and attribution, IBOR, and transaction management. It will also use the State Street Alpha Data…
Outset Global selects HUB
Outset Global has selected HUB to provide a SaaS solution to manage its operations. Outset Global, an outsourced trading provider, is using HUB to produce and oversee key metrics, meet custom internal and client reporting needs, and help make key business decisions.
Artemis outsources trading to NTRS
Artemis, a UK-based asset manager with >GBP25.8bn (USD33.1bn) AuM, has appointed Northern Trust’s Integrated Trading Solutions to provide outsourced trading services. The appointment expands the capabilities to be provided by Northern Trust to Artemis. In 2023, Northern Trust was selected by Artemis to provide a range of services including investment operations solutions, fund administration, depositary,…