23JUL19: Northern Trust has been appointed by Hermes Investment Management to provide currency management services for its Irish fund range. Ian Kennedy, COO, Hermes Investment Management, said: “Northern Trust have been able to automate our sophisticated currency management investment process and deliver comprehensive reporting and analytics for us. This has increased operational efficiency and enhanced…
Category: Offshore
Pzena IM extends NTRS relationship to Ireland
22JUL19: Pzena Investment Management, a U.S.-based money manager with USD37.4bn AuM, has selected Northern Trust as fund administrator and global asset servicing provider for its Ireland-domiciled UCITS funds. The appointment extends Pzena’s existing relationship in the U.S. and Australia with Northern Trust.
Vistra to service Catella’s Lux-domiciled residential fund
22JUL19: Vistra has been appointed as AIFM and depositary of Catella European Residential Fund III. The fund is the first Luxembourg-based pan-European vehicle allowing international investors access to a geographically diversified portfolio of assets in the residential sector.
Two new M&A deals in independent fund admin sector
19JUL19: Two M&A transactions in the independent sector: Inflexion Private Equity is set to acquire Estera, a provider of funds, corporate and trust services, from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian. The combined business will operate from 18 global jurisdictions, including Bermuda, Cayman, Guernsey, Ireland,…