Sudrania Fund Services, the Chicago-based administrator, has launched a mutual fund series trust, primarily aimed at private assets fund advisors.
Category: Product
Ultimus launches digital portal for distribution
Ultimus Fund Solutions has launched uTRANSACT, a digital portal that provides real-time information and account access for both shareholders and advisers. Developed as part of Ultimus’ uSUITE technology applications, uTRANSACT is offered as part of the firm’s shareholder services and transfer agent offerings. It allows multiple levels of user access, including shareholder, broker firm, broker…
Juniper Square launches commercial RE fund admin service
Juniper Square, a U.S.-based real estate technology solutions provider, has launched a technology-driven fund administration service designed for the commercial real estate industry. The offering provides services spanning accounting, reporting, treasury and subscriptions.
Nottingham gains SEC approval to offer NYSE’s AMS ETF structure
The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF industry, has expanded its active non-transparent ETF offering with the SEC’s approval of the firm’s short-form exemptive relief application for the New York Stock Exchange’s Actively Managed Solution ETF structure. This is the second such announcement…
State Street & SimCorp to partner on EMEA insurance sector solutions
State Street and SimCorp, an investment management solutions and service provider, have announced their intention to form a business partnership to provide a fully integrated, front-to-back investment outsourcing solution for insurance firms in EMEA. EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with…
Citi launches host-to-host link with Taiwan Depository & Clearing Corp.
Citi has launched a host-to-host connection with Taiwan Depository and Clearing Corporation which allows Citi to offer its clients near-real-time trade status and settlement confirmations for certain equity settlements, including securities borrowing and lending and ETF activities. Citi claims to be the first custodian bank in Taiwan to use host-to-host connectivity for intraday feeds and…
Ultimus to support semi-transparent ETFs through series trusts
Ultimus, the U.S.-based administrator, is expanding its ETF service offering in its sponsored series trusts to include active licensing for semi-transparent ETFs. Ultimus has licensing agreements with NYSE and Blue Tractor in place.
BNP Paribas and Allfunds complete agreement
A year after announcing the deal, BNP Paribas and Allfunds have finally completed their strategic agreement. As part of this partnership, BNP Paribas Securities Services will give its fund-buyer clients access to more than 2,000 fund houses and 100,000 funds and a range of fund analytics services from its new Fund@ccess platform, which is powered…
Clearstream completes majority purchase of Fondcenter from UBS
Clearstream has completed the acquisition of a majority stake in UBS’s fund distribution platform, Fondcenter AG. Clearstream and UBS signed an agreement under which Clearstream has now acquired a 51.2pct stake in Fondcenter for CHF389m. Clearstream will combine the Fondcenter business with its existing Fund Desk, forming Clearstream Fund Centre, a global fund distribution support…
Finomial launches e-subscription service for alt funds
Finomial, a client lifecycle management platform, has launched Finomial Electronic Subscriptions to digitise the manual subscription process. With this product, Finomial claims to offer a complete solution for alternative investment managers and their fund administrators, including investor compliance, on-boarding, capital activity, collaboration, and regulatory reporting to global authorities. The service provides investors with an easy-to-use,…