Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests in technology companies that enable industry innovation, such as suppliers of semi-conductors, hardware, software and services.
Luis Viveros, managing director of BlueBox Asset Management, said: “Northern Trust demonstrated a differentiated approach to supporting BlueBox Asset Management and our investors through a superior client service experience and focused consultative engagement. Throughout our due diligence process, the teams impressed us with their focus on understanding our investment and business strategy which resulted in a mutually agreed highly efficient service and operating model to help us address current challenges and expedite our growth objectives.”