Anchor Risk Advisors has appointed BNP Paribas to provide hedge fund administration for its new insurance-linked investment strategy. BNP Paribas has served as custodian, fund administrator and middle-office service provider for Anchor for several years.
Anchor Risk Advisors is an investment manager specializing in insurance-linked securities, whose minimal correlation to traditional equity and fixed income markets makes it an effective portfolio diversifier.
BNP Paribas in-depth knowledge of this sophisticated asset class, along with its top-tier institutional processes and support, make them the best choice for Anchors custody, fund administration and middle-office needs, says Anchor Risk Advisors CEO Pete Vloedman.
Vloedman has managed insurance-linked securities portfolios since 1997 and has been active in the ILS sector since 1991.
“Our service model means that Anchor Risk Advisors has direct access to the operations and accounting specialists responsible for administering its funds at BNP Paribas, says Andrew Dougherty, managing director and head of Alternative & Institutional Solutions at BNP Paribas. Coupled with our continued investments in technology, we deliver unique and powerful middle office and fund administration solutions – a new paradigm in securities services client relationship management.”
(CG)