Canada Life to use Temenos fund accounting platform
The agreement will see Canada Life consolidate the investment assets for its UK and Canadian businesses onto a single fund accounting platform.
Fund Administration
Anthony Scaramucci’s hedge fund selects BNY Mellon for real estate fund admin
The win takes BNY Mellon’s global real estate fund platform to $130 billion of assets under administration, representing close to 80 funds.
Ultimus recruits US Bancorp veteran to oversee Gemini merger
Ultimus announced it would merge with Gemini in November after both companies entered into a deal to be acquired by private equity firm GTCR.
Apex adds another private equity administrator to bolster US fund services offering
The deal adds a further $40 billion in assets under administration (AuA) to Apex’s portfolio, taking it to a total AuA to $650 billion globally.
Morgan Stanley sells alternative investment feeder funds administration business to iCapital
iCapital will assume oversight of 115 Morgan Stanley feeder funds which invest in alternatives assets for the bank’s wealth management arm.
Northern Trust to provide asset servicing for newly launched sustainable fund
Services provided to the fund include fund administration, FX algorithmic trading and liquidity management solutions for Osmosis Investment Management.
Apex continues acquisition spree with agreement to takeover Atlantic Fund Services
Third deal of the year for Apex Group which adds mutual fund administration capabilities of Atlantic Fund Services to its growing list of acquisitions.
Intertrust and Viteos strike up technology partnership
Fund administrator continues to make moves under the leadership of GC Legend Stephanie Miller.
Northern Trust makes Brexit play by establishing Luxembourg bank
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.
Apex acquires Bermuda-based administrator to boost hedge fund coverage
The addition of Beacon Fund Services takes Apex's total assets under administration to $610 billion.