State Street Corporation, provider of financial services to institutional investors, has been appointed by Altrinsic Global Advisors, LLC, a Greenwich, Connecticut-based investment manager, to service its new Irish domiciled UCITS compliant fund. State Street’s operation in Dublin will provide the Altrinsic Global Equity Fund with custody and fund administration services.
Altrinsic, founded by Chief Investment Officer John Hock in 2000, follows a fundamental value approach in which the team seeks out undervalued companies worldwide. The employee-owned firm has an established client base in Europe, North America, and the Pacific Rim, including Australia and New Zealand. The Fund will provide Sterling, Euro, Yen, Canadian Dollar, and US Dollar share class options.
“As a firm serving institutional investors around the world, we are excited about the launch of our UCITS Fund,” said Hock. “We are continuously looking for ways to better serve our clients. Our UCITS Fund will provide a regulated vehicle for investors to access our global equity strategy.”
“We are delighted to have been appointed by Altrinsic Global Advisors to service this new product,” said Gavin Nangle, head of business development for State Street in Ireland. “As one of the market leaders, we look forward to working closely with them as they continue to expand their business outside the U.S. State Street continues to work closely with US managers in the regulated funds space and is pleased to be able to have a premier firm like Altrinsic join our client list.”
D.C.