Category: Independents

SS&C has opened an office in Abu Dhabi, UAE. The Financial Services Regulatory Authority has granted SS&C approval to deliver fund administration services within the Abu Dhabi Global Market. Katarzyna Lupa-Nowicka (head of private markets operations, Middle East) and David Forrester (head of hedge operations, Middle East) will lead the new office.

Waystone, the European provider of specialist services to the global asset management industry, has been appointed by Alger, a U.S.-based growth equity asset manager, to provide third-party ManCo and supplementary services across the EEA. The mandate will add USD600m to Waystone’s AuM. Additional services include risk and compliance reporting, distribution support, market access, global registrations,…

Citco has launched a new service designed to help fund managers review and assess potential withholding tax reclaims for their end investors. Citco Withholding Tax Reclaims Analysis provides insights into the costs, benefits, and likelihood of success of reclaims in different jurisdictions globally.

Zurich Insurance Group has launched its first European Long-Term Investment Fund (ELTIF 2.0), aimed at providing individual investors and life insurance customers with access to opportunities in the private debt asset class. The fund is a sub-fund of Zurich Global Private Asset Solutions SICAV S.A. and is intended to be the first in a series…

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…

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…

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, 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,…

The Maples Group has supported Lakemore Partners, a private credit investment firm, with fiduciary, legal and fund administration services for its Aquatine V fund structure. The fund, which allocates to U.S. collateralised loan obligations, raised USD560m on final closing.

Allvue Systems, a U.S.-based alternative investment technology solutions provider, has been appointed by Permian Group to provide fund accounting and administration software. Permian is a Nordic fund administrator with offices in Oslo and Stockholm.