Aberdeen Standard Investments, the UK-based asset manager with AuM of c. USD562bn, has extended its transfer agency relationship with SS&C and IFDS to its Luxembourg division. SS&C will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg S.A., with local support from IFDS, a JV between SS&C and State Street. Aberdeen Standard…
Category: Mandates
Missouri Farm Bureau migrates insurance accounting to SS&C
Missouri Farm Bureau, a U.S.-based insurance provider, plans to migrate its insurance investment accounting to SS&C SmartSource, powered by Singularity. Singularity leverages artificial intelligence to manage core investment accounting activities by combining robotic process automation, machine learning, natural language processing and predictive analytics in one unified, cloud-based, web and mobile-accessible system.
Cordovan Capital Management selects IQ-EQ for first institutional PE fund
Cordovan Capital Management, a Northern Ireland-based private equity house, has appointed IQ-EQ to support its first institutional fund. The new fund aims for a total AuM of GBP50m. IQ-EQ is providing fund administration and depositary services, as well as appointed representative and UK AIFM services.
Northern Trust selected by SGA for MO and FX outsourcing
Northern Trust has been selected by Strategic Global Advisors, LLC, a woman- and employee-owned institutional asset management firm headquartered in Newport Beach, California, to provide middle office outsourcing and outsourced foreign exchange dealing through its Complete FX service.
Citi to support SPAC ETF for Tuttle Tactical Management
Citi has expanded its ETF franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, which launched the fund on December 16. Citi is providing fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund. This mandate expands…
HSBC facilitates first onshore private fund investment in China
HSBC has facilitated the first onshore private fund investment via the Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (QFII/RQFII) scheme in mainland China. HSBC is the custodian, providing services including investment scope update filing, payments, and custody for this market-first transaction completed by Baring Asset Management Limited. The fund is the first…
Axxion transfers nine AIFs to CACEIS in Germany
Axxion S.A., a Luxembourg-based management company, has transferred nine of its funds to CACEIS in Germany. These funds are open-ended special AIFs, regulated under German law. CACEIS will provide depository and custody services as well as FX trading, fund execution, and execution & clearing for exchange traded derivatives. Total AuA is c. EUR1bn (USD1.2bn). Axxion…
CBRE to provide fund accounting for new GLP fund
CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…
Blue Flag Partners appoints PEF as RE fund administrator
PEF Services, a U.S.-based fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners, a U.S.-based real estate firm.
Apex mandated to service new Lux fund for Frontera
Apex has been mandated to provide fund services to Frontera Capital Group Limited, a UAE-based fixed income investment firm. Apex will provide Frontera with AIFM, administration, custody and corporate services. Frontera is currently raising USD400m for a new Luxembourg fund, with final close expected towards the end of Q1 2021.