Aztec Group, the alternatives administrator, has received licences from the Central Bank of Ireland to provide fund administration and depositary services, following its launch into the Irish market in 2023. Aztec Group administers >EUR600bn across the Channel Islands, Luxembourg, Ireland, the U.S., and UK. The Group specialises in alternative investments, administering over 450 funds covering…
Category: Product
Gen II upgrades Sensr
Gen II Fund Services, the U.S.-based independent private capital fund administrator, has launched Sensr® DataBridge, an addition to its Sensr product suite. Sensr® DataBridge offers a no-code solution, enabling users to integrate fund administration data with both in-house and third-party platforms.
Apex goes live with DLT TA
Apex has become what it claims is the first transfer agent and fund service provider to administer regulated securities using blockchain as the book of record. This enables global private market funds to access a more diverse and significantly larger pool of qualified investors. In partnership with Hamilton Lane and Sygnum Bank, Apex created a…
Ultimus partners with PennHaven
Ultimus Fund Solutions, a U.S.-based provider of middle office, fund administration, accounting, and investor solutions, has formed a partnership with PennHaven Brokerage Partners. The partnership enables Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven, combined with Ultimus’ middle office services, including post-trade settlement, IBOR, performance and attribution reporting, and…
iCapital to acquire Mirador
iCapital, the fintech platform supporting the world’s alternative investment marketplace for the wealth management industry, is to acquire Mirador, a provider of investment data aggregation and financial reporting across both alternative and traditional investments, Mirador’s services include consolidated financial reporting, private investment support, offline and alternative investment data management, K-1 document management, and compensation management…
Kraken launches custody solution
Kraken Institutional, the U.S.-based provider of crypto solutions for institutional investors, has launched its qualified custody solution, offered through Kraken Financial, its state-chartered bank. Headquartered in Wyoming, U.S., Kraken Financial is authorised to offer digital asset custody and deposit accounts for institutions. Kraken Financial is a segregated entity, where funds and assets are held remotely…
BK and GLMX collaborate on repo
BNY Mellon and GLMX have integrated services to allow buy-side clients to direct repo trades at point of execution to BNY Mellon’s triparty platform. This integration addresses growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin segregation into repo financing, helping them to capture more benefits from being on…
Citco upgrades Waterfall tool
Citco has upgraded its Citco Waterfall tool to enable real assets fund clients to automate complex carried interest waterfalls for funds and joint ventures. The new functionality covers unrealised/hypothetical distributions, realised cash distributions and scenario/projection calculations, as well as providing allocation of deal specific carried interest calculations.
SS&C opens in ADGM
SS&C has opened an office in Abu Dhabi, UAE. The Financial Services Regulatory Authority has granted SS&C approval to deliver fund administration services within the Abu Dhabi Global Market. Katarzyna Lupa-Nowicka (head of private markets operations, Middle East) and David Forrester (head of hedge operations, Middle East) will lead the new office.
Citco launches reclaims analytics
Citco has launched a new service designed to help fund managers review and assess potential withholding tax reclaims for their end investors. Citco Withholding Tax Reclaims Analysis provides insights into the costs, benefits, and likelihood of success of reclaims in different jurisdictions globally.