Rothschild Larch Lane Management, the joint venture between Rothschild and Larch Lane, has launched a new alternative ’40 Act fund and selected Union Bank in California, part of the Mitsubishi UFJ Financial Group, as custodian.
The joint venture fund, which uses a multi-manager structure, also selected SEI as the fund’s administrator and distributor. For its administration services, SEI will receive fees at annual rate of 0.15% for the first $500 million of average daily net assets, 0.12% for the next $500 million and 0.10% for anything over $1 billion. Currently, the fund has close to $50 million in assets.
Other service providers include DST for transfer agency and KPMG for public accounting. Rothschild Larch Lane has also selected Imagine Software to provide a customized portfolio risk and compliance management system. The system will help Rothschild Larch Lane meet the trading guidelines and regulations of the ’40 Act structure, and Imagine will provide customized exposure analysis dashboards and data that supports daily real-time reporting.
“Imagine was able to provide a customized, all-in-one solution to simultaneously track regulatory limits and investment risk—which is crucial in alerting us to potential breaches of guidelines and supports our ability to perform institutional-grade due diligence,” says Eric Konigsberg, director of risk management for Larch Lane.
“The alternatives industry is facing a stringent demand for real-time solutions that can very quickly identify potential risks, and Imagine can easily put that information at our clients’ fingertips on the desktop or via mobile applications,” says Scott Sherman, a founding partner of Imagine and global head of sales and business development.
Mitsubishi UFJ and SEI Service New Liquid Alt, Imagine Provides Risk System
Rothschild Larch Lane Management, the joint venture between Rothschild and Larch Lane, has launched a new alternative '40 Act fund and selected Union Bank in California, part of the Mitsubishi UFJ Financial Group, as custodian.