Daiwa Europe Fund Managers Ireland Limited will provide its administration service for the UK authorised funds for which Daiwa will act as authorised corporate director. By utilising these established capabilities, the funds will be able to benefit from the expertise developed in the administration of alternative investment funds, where the more complex asset types and products feature as a matter of routine.
Peter Callaghan, Chief Operating Officer of Daiwa Europe Fund Managers Ireland Limited commented Accounting for those more complex assets and handling performance fees, particularly on daily dealing funds, can prove challenging to the Administrator. At Daiwa we have an established track record in overcoming those challenges, so extending our processes to the UK funds will be very simple for us.
Geoff Mackay, Director of Daiwa Fund Asset Services Limited, added This is an exciting opportunity for Daiwa to offer leading edge services to the UK investment funds community and close current gaps in the funds servicing market
D.C.