State Street has been appointed ETF servicing agent and Authorized Participant Representative (APR) for American Century Investments’ new range of semi-transparent, actively managed ETFs. American Century Investments is the first asset manager to receive regulatory approval for two investment strategies, Focused Large Cap Value and Focused Dynamic Growth, both of which will be available through…
Category: Mandates
USCF moves from BBH to BNY Mellon
United States Commodity Funds (USCF), which runs a family of commodity-based ETFs, has appointed BNY Mellon as custodian, fund accountant and transfer agent across all ETFs. The incumbent, BBH, will provide financial statements for Q1, after which BNY Mellon will assume this function.
Intertrust to provide depositary services for Altor PE funds
Altor Fund Manager, a Sweden-based manager of private equity funds, has appointed Intertrust to provide depositary services to Altor Fund IV and Altor Fund V, which are domiciled in Sweden Altor Fund IV closed in 2014 with a committed capital of EUR2bn and Altor Fund V closed in 2019 with a committed capital of EUR…
BP2S selected by CSOP AM to service new Singapore VCC
BNP Paribas Securities Services has been selected by CSOP Asset Management to provide custody, fund administration and transfer agency for funds using Singapore’s new Variable Capital Company (VCC) structure. With USD6.3bn AuM, CSOP is the largest Chinese asset manager to use Singapore’s new corporate fund structure.
HSS appointed as trustee for first iron ore futures ETF in HK
HSBC has been appointed trustee and designated margin depository bank for the SSIF DCE Iron Ore Futures Exchange Traded Fund, the first iron ore futures ETF in Hong Kong. It is launched by Shanxi Securities International Asset Management Limited, a wholly owned subsidiary of Shanxi Securities International Financial Holdings Limited, one of the first securities…
EFA to administer REINO RF CEE RE fund
EFA, the Luxembourg-based administrator, has been appointed to provide administration services to the REINO RF CEE Real Estate Fund, a RAIF formed as part of a strategic collaboration between Poland-based REINO Capital and Australian firm RF CorVal. The fund, targeting the Polish real estate market, will have EUR750m of assets under administration and will be…
BP2S to administer new Singapore VCC for Kamet Capital Partners
BNP Paribas Securities Services has been appointed by Kamet Capital Partners to provide custody and fund administration services in Singapore. Kamet is one of the first fund managers to use Singapore’s new Variable Capital Company (VCC) structure. Kamet Capital Partners was established in 2017 as a family office.
Saluda Grade appoints Socium as administrator for income fund
Socium Fund Services, a U.S.-based administrator focused on private equity, venture capital, real estate, and private debt funds, has been appointed by Saluda Grade, a New York-based advisory firm in the private and alternative lending sector, as fund administrator for the Saluda Grade Income Fund LLC.
Link launches UCITS platform in Lux
Link Group has launched a UCITS platform domiciled in Luxembourg. The platform –Elevation Fund SICAV –should enable investment managers to launch sub-funds in a faster and more cost-effective way. Last year, Link Group launched a similar platform in Ireland. The new umbrella fund will operate its first sub-fund for Stewart Asset Management, LLC, based in…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…