Enfusion, a SaaS platform provider for investment managers, has completed the second phase of a strategic investment management platform migration by Kayne Anderson. Kayne Anderson is a U.S.-based alternative investment management firm focused on real estate, infrastructure, energy, credit, and growth capital, with >USD34bn AuM. The first phase focused on order and execution management. The…
Month: March 2024
Euroclear partners with iCapital
Euroclear has formed a partnership with iCapital, the global fintech platform specialising in the alternative investment marketplace for the wealth management industry. With this partnership, Euroclear’s clients will gain enhanced access to a broader range of alternative investments, including private equity, private credit, real estate, infrastructure, and hedge funds. The iCapital funds available on iCapital…
IQ-EQ supports new Faros Point fund
IQ-EQ is providing administrative support for Faros Point Capital Management following the launch of a new credit fund. Faros Point engaged IQ-EQ to provide regulatory and compliance services in the UK and Ireland. G10 Capital Limited, an IQ-EQ subsidiary, is providing UK Investment Management and Appointed Representative services, while IQ-EQ Fund Management (Ireland) Limited has…
SWP offers access to third-party data
U.S. wealth managers using the SEI Wealth Platform (SWP) can now view and manage assets held with third party custodians through integration with SWP’s proprietary core accounting engine. Six U.S. wealth management clients are currently using this capability through SWP, with more than a dozen preparing for future deployment. Currently, more than 230 third-party custodians…
Northern Trust appoints Paulin to new role
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. Paulin will focus on strengthening relationships with key Northern Trust clients across EMEA and AsPac at the highest levels of their organisations. Paulin, who was most recently head of global strategic solutions for asset servicing, will continue…
State Street wins Brazilian mandate
State Street has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide these services to the AZ Quest Fund SPC and its segregated portfolios.
GSAM outsources trading to BNY Mellon
Goldman Sachs Asset Management has appointed BNY Mellon to provide buy-side trading services for a division of its EMEA business. As part of the agreement, BNY Mellon is delivering global trade execution services in EMEA, U.S. and APAC markets across fixed income, FX, derivatives and ETFs. BNY Mellon’s Buy-Side Trading Solutions unit supports institutional clients…
BBH adopts Pirum’s Recalls Manager
BBH has adopted the Recalls Manager module from Pirum, the post-trade services fintech that focuses on the securities finance industry. BBH has implemented Recalls Manager to reduce securities lending fails and leverage automation and real-time coverage to promote a smooth transition to the shortened T+1 settlement cycle. This expands BBH and Pirum’s long-standing relationship. BBH…
Waystone gets FCA approval for LTAF
Waystone, the European provider of specialist services to the asset management sector, has confirmed that the FCA, a UK regulator, has approved the WS Fulcrum Diversified Private Markets (H) Long Term Asset Fund (LTAF), a sub-fund of the WS Fulcrum LTAF. Waystone is the first independent ACD to have an LTAF approved by the FCA.…
Carnegie Fonder moves to UI
Carnegie Fonder, a Sweden-based asset management company, has selected Universal Investment Group as the new ManCo for its UCITS SICAV fund range in Luxembourg. Carnegie Fonder is part of Carnegie Group. The transfer includes a partnership with UI efa as the central administrator and transfer agent, with SEB as custodian. The SICAV, with several sub-funds,…