Laurium Capital (Pty) Ltd, a South Africa hedge fund and long-only fund manager with R26bn (USD1.5bn) AuM, has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
Category: Offshore
Horseshoe appoints Kathleen Faries as CEO
Horseshoe, the Bermuda-based subsidiary of Artex, has appointed Kathleen Faries as CEO. Based in Bermuda, Faries will work closely with Andre Perez, the founder and current CEO, who will assume the new role of executive chairman. Faries was most recently the head of Tokio Millennium Re AG, Bermuda. Horseshoe is a specialist administrator of insurance-linked…
Langham Hall supports Ardent’s new USD530m UK RE fund
The Ardent Companies LLC, an Atlanta-based real estate investment and asset management firm, has launched a USD530m UK real estate investment business, The Ardent Companies UK Ltd. Langham Hall, the UK-based administrator, has supported Ardent with its debut acquisition of a portfolio of 12 industrial sites with a total 67 units of real estate across…
U.S. Bank launches integrated ILP solution
U.S. Bank has launched an end-to-end solution for Irish Limited Partnership (ILP) funds, covering loan administration, fund and investor services, depositary, custody and account banking. U.S. Bank has established a comprehensive ILP solution across its global fund services, depositary services and global corporate trust business lines. U.S. Bank is understood to have secured its first…
Sanne secures depositary licence in Ireland
Sanne, the UK-listed provider of alternative asset and corporate administration services, has secured a specialised depositary licence from the Central Bank of Ireland. Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes in compliance with all AIFMD obligations.
ZEDRA to acquire BIL’s BFCS fund business
ZEDRA, the Cayman-based fund services provider, plans to acquire BFCS, the fund and corporate services arm of Banque Internationale à Luxembourg (BIL). The transaction is subject to regulatory approval from Luxembourg’s financial regulator, CSSF. BFCS, which has been active for more than 50 years, offers services and solutions in both the corporate and funds’ sector,…
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.
Oak Group confirms Graham McCormack as CEO
Oak Group, the Guernsey-based private client, corporate services and fund administration business, has appointed Graham McCormack as CEO. He has been acting CEO since former CEO Stuart Platt-Ransom left the role earlier this month. Prior to his role as CEO, he was COO of the Oak Group.
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.
IQ-EQ makes senior appointments in Ireland and Guernsey
Two appointments at IQ-EQ, the Luxembourg-based administrator: Conor Joyce joins as head of transfer agency for its new Irish funds business. He was previously head of TA for SGSS in Ireland. Jacques Vermeulen has been promoted to chief commercial officer, Guernsey, a newly created role. He was previously part of the leadership team in Guernsey.