Mammoth Scientific, a health science and technology venture capital firm, has selected SS&C as administrator and technology partner for its inaugural USD100m fund. The fund will provide venture capital to health science and technology companies maturing beyond seed rounds. Mammoth is building a proprietary platform to enable registered investment advisors to access venture capital investments…
Category: FinTech
Jason Nabi joins Arqit from Euroclear
Arqit Quantum Inc., a specialist in quantum encryption technology, has appointed Jason Nabi as managing director, financial services. Nabi, who was briefly at Euroclear, has worked for HSBC, SG and BNP Paribas, as well as Bloomberg, IBM and Paxos.
BNY Mellon invests in Quantexa
BNY Mellon has completed an investment in Quantexa, a data management firm. As part of the deal, Joseph Sieczkowski, BNY Mellon’s CIO of engineering and architecture, will be joining the Quantexa board, and Eric Hirschhorn, chief data officer, will join Quantexa’s advisory board. BNY Mellon already uses Quantexa’s platform and will now expand its relationship…
Apex rebrands Senasen
Apex Group has launched a digital marketing platform, Apex Profilir, designed to connect LPs and GPs and support the capital raising process. It follows the acquisition of Senasen earlier this year.
CACEIS strikes deal with FundGlobam for distribution support
CACEIS has struck a deal with FundGlobam, a European provider of fund distribution services, to offer asset management companies an all-in fund distribution support solution. The services on offer are structured around three pillars: Distribution strategy services, covering market characteristics, trends, participants and regulatory frameworks in more than 80 countries to identify the most appropriate…
Northern Trust launches UMR solution
Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
Sphera selects SS&C’s EZE front office solution
Sphera, a Tel Aviv and New York-based long/short global investment firm with USD1.9bn AuM, has chosen SS&C’s Eze Investment Suite for its front-office operations. Sphera will use Eze Investment Suite to run its entire investment process, including order management, modelling and simulations, cash projections, trading, compliance checks, historical book of records and reporting. Sphera also…
Northern Trust takes stake in Essentia Analytics
Northern Trust has reached an agreement to take an equity stake in Essentia Analytics, Ltd., a provider of behavioral analytics and consulting services that utilises a cloud-based platform to bring together historical data and behavioral science to identify and address biases in thinking that impact investment performance. The addition of Essentia behavioral analytics solutions is…
Northern Trust applies AI to alternative investment data
As part of its initiative to digitise alternative asset servicing, Northern Trust has launched an AI-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients. Built in collaboration with Microsoft Azure Applied AI Services, and business and consulting firm Neudesic, the proprietary solution transforms…
Archer adds John Lehner to board
Archer, a service provider to the investment management industry, has appointed John Lehner as a member of its board of directors. Lehner has previously worked at State Street, BNY Mellon and Eagle Investment Systems.