Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
Category: Mandates
BACCI launches Irish UCITS fund on Prescient ICAV platform
BACCI Investment Solutions, a financial services provider based in South Africa, has launched its first Irish UCITS fund, the BACCI Global Equity Fund, on the Prescient Global Funds ICAV platform.
ReAssure hands HSBC two mandates for GBP43bn
ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
ebase appoints SGSS and MFEX for fund services in Germany
European Bank for Financial Services (ebase), the German digital investment platform which was acquired by FNZ Group in 2019, has selected Société Générale Securities Services in Germany and MFEX Mutual Fund Exchange AB for its brokerage, custody and trailer fee management services. Under the mandate, MFEX and SGSS will provide services for several thousand funds…
JLL selects SS&C’s Precision LM to support USD115bn loan portfolio
SS&C’s Precision LM has been selected to support Jones Lang LaSalle’s (JLL) combined USD115bn loan servicing portfolio, following the real estate company’s acquisition last year of Holliday Fenoglio Fowler, LP. JLL is a primary servicer and provider of commercial loan services to more than 50 institutional investors. JLL adopted SS&C’s Precision LM as its agency/multifamily…
HSBC appointed trustee for BlackRock’s HK master-feeder ETF
HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…
Citi supports launch of two L&I ETPs for CSOP AM in Hong Kong
Citi has supported the launch of two new leveraged and inverse (L&I) exchange-traded products by CSOP Asset Management, and will be providing CSOP with custody, fund administration and trustee services. Launched in Hong Kong, the new L&I products track China A-shares and allow investors to invest into the mainland China CSI 300 Index. Citi reports…
Kimura Capital moves to Centaur
Kimura Capital, the UK-based provider of commodities trade finance funding, has moved its business to Centaur. No other details were provided.
BNY Mellon, HSBC appointed as custodians for Chimera’s Shariah ETF
Chimera Capital LLC, an Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments LLC, has launched the Chimera S&P UAE Shariah ETF, a physical, in-kind, liquid and fully fungible ETF. Under the UAE’s Securities and Commodities Authority’s (SCA) fund regime, Chimera Umbrella Fund – the first SCA umbrella fund to be launched in the UAE…
Sudrania adds >50 clients in H1
Sudrania Fund Services, the Chicago-based administrator, added 52 new clients added to its platform in H1 2020. The company reported that 60pct of these were conversions from competitor administrators, covering mandates for hedge, private equity, CTA, and crypto funds.