Provinzial Asset Management, the Germany-headquartered asset manager with AuM EUR50bn, has mandated BNP Paribas Securities Services and Helaba Invest as asset servicing providers. Following the recent merger between Provinzial Asset Management and the Provinzial Rhineland, Provinzial Asset Management now manages all the assets of the newly formed Provinzial Group. Provinzial Asset Management selected two long-standing…
Category: Mandates
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
JTC to service Resolute’s two new Guernsey funds
JTC, the C.I.-based administrator, has been appointed by Resolute Capital Partners, a San Francisco-based private equity firm, to administer its two new Guernsey-domiciled international feeder funds. JTC Americas (formerly NES Financial) has been administering Resolute Capital’s private equity funds since 2018.
Lemanik to act as AIFM for new 3B health fund in Luxembourg
3B FUTURE HEALTH GP S.a.r.l., a Luxembourg-based GP, has launched the 3B Future Health Fund II, focused on early-stage investment opportunities in areas of high unmet patient needs. The fund is structured as a Luxembourg RAIF with Lemanik as the independent third party AIFM.
NES to service new OZ fund in Puerto Rico
NES Financial, the Silicon Valley-based administrator owned by JTC, has been contracted to provide its Opportunity Zone fund administration solution to Puerto Rico Opportunity Zone Fund, LP, an Opportunity Zone fund managed by Monllor Capital Partners LLC, a minority-owned alternative asset manager and fund sponsor with operations in the Commonwealth of Puerto Rico.
BondEvalue appoints Citi as bond custodian
Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on BondbloX, its digital exchange for fractionalized assets. Under the agreement, Citi will provide asset safekeeping and servicing solutions. BondEvalue, a Singaporean fintech company founded in 2016, launched the world’s first fractional bond exchange in 2020 after…
Link Group supports re-launch of Switzer FI fund in Australia
Link Group, the Australia-based administrator, and Switzer Asset Management have re-launched the Switzer High Yield Fund as a quoted managed (active ETF) fund, allowing units to be bought and sold on the stock exchange as well as directly from the issuer. This is the first fixed-income quoted managed fund to be launched on the Australian…
Apex to administer ETC for ETC Group
Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020.…
USA Mutuals moves funds to Ultimus
Ultimus Fund Solutions has been selected by USA Mutuals to provide fund accounting, administration, transfer agency and shareholder services for its mutual funds. Ultimus helped USA Mutuals reorganise and convert their mutual funds from their previous provider earlier this year. As part of the conversion, the USA Mutuals funds were moved from their previous standalone…
Aztec supports launch and admin of Oquendo’s senior debt fund
Aztec Group, the C.I.-based fund and corporate services provider, has supported Oquendo Capital, a Madrid-based private debt specialist, with the final close of Oquendo Senior Debt Fund. Aztec will provide administration, depositary, reporting and investor services to the fund from its office in Luxembourg, in addition to servicing four other Oquendo funds.