Month: October 2022

IQ-EQ has supported Premico, a Finland-based real estate fund manager, with the first closing of its newest residential fund, Premico Residential Fund III, raising EUR45m (USD44m) in equity commitments. IQ-EQ Luxembourg is providing fund administration, depositary and AIFM services, as well as corporate services and directorship for the GP and MasterCo.

State Street has not had a good week. However much lipstick you put on a pig, it’s still a pig. State Street will be very relieved to see the back of this particular pig, preferably as a nice plate of bacon. Q3 earnings were modest at best, rescued by net interest income, which rose 36pct…

Confluence, a U.S.-based fintech provider for the investment management industry, has signed a multi-year contract with Madison Investments. The Wisconsin-based firm, with >USD20bn AuM, uses the Confluence composites solution to support its compliance with GIPS (Global Investment Performance Standards).

Apex has selected the Enfusion platform to enhance the delivery of middle-office services to its global fund administration client base. Enfusion is a U.S.-based provider of SaaS solutions for hedge funds and asset managers. Apex will use Enfusion’s software for cash and position reconciliation, corporate actions processing and verification, trade affirmation and break resolution, shadow…

European Fund Administration, which is due to be acquired by Universal Investment, has been appointed by Link Fund Solutions (Luxembourg) S.A. to provide middle office services covering trade management services for transferable securities and for financial derivative instruments. This new mandate broadens the longstanding relationship between EFA and Link Fund Solutions (Luxembourg) S.A., a third-party…

Vistra, a provider of advisory and administrative support to fund, corporate, capital markets, and private wealth clients, has hired Marlyn Ramirez as director, real estate fund operations, U.S. She joins Vistra with 20 years’ experience in real estate fund accounting, investor reporting, fund returns and investment management accounting systems implementation. Prior to joining Vistra, she…