InfraHedge, the managed account infrastructure platform subsidiary of State Street has been chosen by Multitrust International for the launch of its Emerging Markets Managed Accounts (EMMA) platform.
The emerging markets fund management platform, which is housed within a single custodian relationship, selects best of breed investment managers in high-growth emerging markets and has been promoted by Multitrust as a Dublin-based UCITS umbrella fund. The fund has launched with three sub funds managed by Bank Itau, BTG Pactual and Value Partners, focusing on Brazil, Latin America and Greater China respectively.
Simon Hopkins, CEO of Milltrust International Group. Our aim is to offer an alternative to the single manager Global Emerging Markets Funds that today dominate emerging markets investing. We found the integrated nature of the InfraHedge offering compelling as it seamlessly combines custody, fund administration and investor services across multiple accounts within a single platform, providing the strong transparency and governance services that our investors expect from a managed account structure.
(JDC)