Quintillion has been chosen to provide administration services to the Investment Funds managed by Insparo Asset Management Limited.
Based in London, Insparo Asset Management is one of the best performing asset managers operating within the frontier market sector. The firms flagship Africa and Middle East Fund has returned 33% since launching in June 2008. A second fund, focusing on African equities, was launched to investors in February.
Quintillion now provides both Insparo funds with a complete range of administration services, including NAV calculation, investor servicing, anti-money laundering checks and financial reporting.
We are delighted to have won a client of Insparos caliber, says Garrett Breen, head of fund administration at Quintillion. We feel we can provide Insparo with the timely, accurate and transparent information they need each day to help them achieve their aim of being the premier asset manager in frontier markets.
Jon Laidlow, COO of Insparo, adds: The comprehensive range of services offered by Quintillion make them an excellent partner for the funds. We are pleased to be working with them, and we look forward to the value they can add for our investors.