Citco Institutional Services will provide new range of services aims to relieve legislative and regulatory pressures on institutional investors.
Citco has provided asset servicing and fund administration services to EQT since 2014 for its private equity, infrastructure and real estate funds.
Hedge fund administration has been cited as the perfect testing ground for new technologies, such as artificial intelligence and natural language processing.
Fund administrator hits new highs with $1 trillion in AuA through growth in private capital and the APAC region.
The Series A round of funding for the FinTech firm is the latest move for fund administrations expanding their front-office data capabilities.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.
Fund administration veteran Eiji Ihori took on the interim CEO role at MUFG Investor Services on 1 July, replacing Mark Porter who stepped into an advisory role.
RBC's James Daigle will retire in May 2018 after serving 30 years with the Canadian bank.
New private equity mandates in the US, Europe and Asia-Pacific helped offset negative flows in global macro and multi-strategy fund managers.