Northern Trust will provide a range of asset servicing solutions for a newly-launched sustainable fund by Osmosis Investment Management, a $1.5 billion asset manager.
The bank will support the MoRE World Sustainable Market Neutral Fund, a sustainable investment fund which takes long positions in resource-efficient companies and short positions in inefficient companies across developed markets.
Services provided to the fund include fund administration, FX algorithmic trading and liquidity management solutions.
“Northern Trust has supported several of our previous fund launches and we’re excited to extend our relationship with them on this fund,” said Ben Dear, CEO, Osmosis Investment Manager.
The fund is supported by Prescient Fund Services (Ireland) on the Prescient ICAV platform, which launched in 2017 and is geared towards supporting growing boutique to mid-sized asset managers – allowing them to distribute to investors cost-effectively and rapidly achieve scale. Northern Trust also supports the operation of this platform as Prescient’s custodian and appointed depositary under the UCITS regulations.
“We see an increasing trend of asset managers launching responsible and sustainable funds and are delighted to expand our relationship with Osmosis. We are focused on supporting the demands of their growth as they continue to evolve their products and capabilities. At the same time, our relationship with Prescient and links with their platform help us work in tandem to support our client’s operational requirements, and play our role in the smooth running of their business,” added Clive Bellows, head of global fund services EMEA, Northern Trust.