Fund Administration

The deal increases Apex’s AuA to $560 billion, after completing the onboarding process of Deutsche Bank’s Alternative Fund services business in June.

The investment will allow Libra to release new products and services which will support its fund administrator, trading operations and crypto exchange platform clients.

ExodusPoint Capital Management was described as the largest start-up fund of all time when it went live at the start of summer.

Dylan Curley joins as global head of business development, where he will lead global sales to long-only and alternatives investment clients.

The French bank has identified hedge funds as a key growth target over the past year, being one of a small group of remaining bank-owned hedge fund administrators.

The shake-up follows a string of acquisitions over the past six months that has given SS&C’s fund administration business a fresh new look.

The go-live completes a three-year project of migrating DWS’s real estate portfolio, representing one of the industry’s largest fund conversions to a new platform.

Global Custodian speaks with Peter Sanchez, Northern Trust’s head of North America alternative fund services, seven years after the acquisition of Omnium which set him on a new career path.

Northern Trust and FIS are looking to provide private equity managers with greater transparency around fund operations. 

The regulatory approvals come ahead of Apex Fund Services planned acquisition of Ipes, expected to close at the end of the third quarter.