The Florida State Board of Administration (FSBA) has signed an agreement to leverage BNY Mellon’s ESG Data Analytics application to better manage, monitor and analyse ESG data across multiple sources. The application is built on the Microsoft Azure cloud and offered through BNY Mellon’s OMNI securities services platform. FSBA will also be collaborating with BNY…
Category: Mandates
Mammoth selects SS&C for new VC fund
Mammoth Scientific, a health science and technology venture capital firm, has selected SS&C as administrator and technology partner for its inaugural USD100m fund. The fund will provide venture capital to health science and technology companies maturing beyond seed rounds. Mammoth is building a proprietary platform to enable registered investment advisors to access venture capital investments…
Citi wins first MO mandate in the Philippines
Citi has been appointed by Sun Life Investment Management and Trust Corporation as its middle office service provider in the Philippines. This mandate makes Citi the first bank in the country to onboard a middle office client. Sun Life Philippines is a financial services institution offering varied business lines including life insurance managed and distributed…
FundRock appointed as ACD for new Octopus fund
FundRock Partners, part of the Apex Group, has been appointed as the Authorised Corporate Director for a new UK fund, FP Octopus UK Future Generations Fund, operated and managed by Octopus Investments. This is Octopus’ first retail fund with a sustainable investment mandate.
Sphera selects SS&C’s EZE front office solution
Sphera, a Tel Aviv and New York-based long/short global investment firm with USD1.9bn AuM, has chosen SS&C’s Eze Investment Suite for its front-office operations. Sphera will use Eze Investment Suite to run its entire investment process, including order management, modelling and simulations, cash projections, trading, compliance checks, historical book of records and reporting. Sphera also…
Dalmore appoints NatWest T&D for new PE fund
NatWest Trustee and Depositary Services, part of Royal Bank of Scotland, has been appointed as depositary for a new Dalmore Capital Limited Fund, Dalmore Capital Fund 4 LP. Dalmore Capital is a UK-based fund management company which focuses on investment in infrastructure assets in the UK. It currently manages over GBP5.5bn (USD7.5bn).
True appoints Mainspring for new PE fund
Mainspring, a UK-based administrator, has been appointed as fund administrator for True’s third private equity investment fund of GBP275m (USD377m).
PEF appointed by RFE
PEF Services LLC, the alternatives administrator recently acquired by CSC, has been appointed by RFE Investment Partners to provide fund administration services. RFE is a U.S.-based private equity firm.
HSBC supports Premia ETF launch on HKSE
HSBC has supported the listing of the Premia China STAR50 ETF on the Hong Kong Stock Exchange, with an initial launch size of RMB 204m (USD32m), HSBC has been appointed to provide trustee, global custodian, fund administrator, swap counterparty and cross border equity execution services for the fund.
Ultimus supports ETF launches by New Age Alpha
Ultimus Fund Solutions has supported the launch of two new ETFs by asset management firm New Age Alpha. Ultimus had been working with New Age Alpha for more than a year prior to the launch, supporting the firm’s hedge fund launch in addition to its entire middle office operations.