Intertrust has grown its business in Ireland, opening a fund administration business a plans to recruit 60 new staff for its Dublin-based business.
iCapital will assume oversight of 115 Morgan Stanley feeder funds which invest in alternatives assets for the bank’s wealth management arm.
One of its newest clients is Grange Insurance of Columbus, Ohio, which mandated Northern Trust to provide global custody for its $2.5 billion of assets.
The hire marks BNP Paribas’ strategy to grow its fund administration business for hedge funds and private capital funds for the region.
RBC I&TS has made a number of efforts to boost its alternatives coverage globally through senior appointments.
Scott Kraemer will be responsible for the development and strategy of Vistra's alternative investment strategy for the region.
Unconventional investments top traditional hedge fund strategies for first time, finds Credit Suisse
The survey found demand is being driven by a desire for customisation and transparency by allocators and other hedge fund investors.
North American Fund Administration Association welcomes three new members from alternatives fund admin industry.
State Street has increased its drive into the alternatives space to win new hedge fund and alternative manager clients through administration and financing deals.
Private debt and alternative asset classes were cited by the buy-side as the most operationally costly to manage.