Aztec Group has supported Norvestor with the fundraising activities and the EUR800m final close of its latest fund, Norvestor VIII. Norvestor is a Nordic private equity firm. Aztec will provide ongoing administration and accounting services from its Guernsey and Luxembourg offices.
Category: Mandates
Northern Trust to service new Osmosis CCF in Ireland
Northern Trust has been selected by Osmosis Investment Management, a UK-based manager, to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a UCITS common contractual fund (CCF). The Osmosis UCITS CCF is supported by Prescient Fund Services (Ireland) Limited, which serves as its Irish-regulated…
State Street to administer VanEck’s bitcoin ETF
State Street has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust, a new bitcoin exchange-traded fund that is currently pending approval by the U.S. Securities and Exchange Commission. The trust is expected to be the first U.S.-listed ETF offering exposure to bitcoin. The trust’s investment objective is to reflect…
ARAG chooses AssetMetrix for alts investment analytics
AssetMetrix, the German fintech in which BNP Paribas has a stake, has been appointed by ARAG, the German insurance group, for the expansion of digital back and middle office processes for its alternative investments portfolio. ARAG will use AssetMetrix’s portal-based platform to analyse its investment decisions based on tools for performance, risk management, benchmarking and…
Peregrine launches new ICAV on Prescient platform
Peregrine Capital (Pty) Ltd, a South Africa based hedge fund manager, has launched the Peregrine Capital Global Equity Fund. The fund, which is hosted on the Prescient Global Funds ICAV platform and is authorised by the Central Bank of Ireland, will initially be distributed to investors in South Africa, and subsequently to investors in key…
Broad Reach deploys Arcesium’s treasury management solution
Broad Reach Investment Management, a UK-based alternative investment firm, has chosen Arcesium’s modular Treasury Suite to scale its treasury operations and management functions. Arcesium’s treasury technology will add transparency and control into Broad Reach’s collateral management workflows, providing an independent, holistic view into their data. Broad Reach can further optimise their multi-asset collateral allocation through…
FundRock appointed as ManCo by Chimera Capital for new ICAV
FundRock, which was recently acquired by the Apex Group, has been appointed as ManCo for the recently launched Chimera UCITS ICAV, with Abu Dhabi-based Chimera Capital Limited as the appointed investment manager. FundRock will provide the risk management and regulatory framework for the ICAV and undertake the sub-funds’ delegated oversight.
State Street wins EUR42bn mandate from Fideuram in Luxembourg
Fideuram – Intesa Sanpaolo Private Banking, part of the Intesa Sanpaolo Group, has appointed State Street in Luxembourg to assume the depositary bank and fund administration activities presently performed by its subsidiary, Fideuram Bank Luxembourg. The mandate covers c. EUR42bn (USD51bn) AuM. The completion of the transaction, which is conditional on regulatory approvals, is expected…
SumRidge selects SS&C’s platform to manage compliance regs
SumRidge Partners, LLC, a fixed income market-maker, has selected SS&C‘s risk & compliance intelligence platform (RCI), a web-based account, portfolio and transaction monitoring compliance platform. Sumridge will use RCI to manage FINRA market manipulation and Reg NMS surveillance requirements.
Aztec supports USD2.75bn Basalt III infrastructure fund
Aztec Group, the C.I.-based administrator, has supported Basalt Infrastructure Partners with the closing of Basalt III, which raised USD2.75bn to invest in infrastructure equity opportunities. Aztec will provide ongoing administration and accounting services to the fund from its Guernsey, Luxembourg and UK offices.