Fund Administration

Custodian to provide asset servicing solutions for specialist infrastructure, real estate and private credit investor with more than $3 billion in assets. 

Fund administration giant seeks to bring together issuers, investors, aggregators and distributors on a single-source platform.  

Gordian currently holds approximately $17 billion of assets under management; institutional investors make up the majority of the firm’s client base.

Latest sale of European business unit, with €430 billion in assets under administration, marks a continuation of the custodian’s simplification strategy.

Asset servicer to support the first US-listed physical carbon allowance ETP with a full suite of exchange traded fund (ETF) solutions.

Depositary applies AI to alternative funds cash flow monitoring, fund prospectus reading and interpretation, and semi-automation of source-to-target data mapping.

Custodian will provide front-to-back servicing capabilities for the new fund and an on-the-ground presence in the Middle East and Asia.  

This week’s fund services round-up features Apex Group, IQ-EQ, Citco, Ultimus, Suntera Global, Imperium Group and Langham Hall. 

Under the mandate, Ultimus will provide full-service support including fund accounting, tax, and regulatory services across ProShares’ mutual fund complex. 

Client and staff migration follows 2023 agreement to absorb hedge fund servicing unit.