State Street has been appointed by Columbia Threadneedle Investments, the asset management group of Ameriprise Financial, Inc., to provide expanded fund accounting, administration and custody services for Columbia Threadneedle’s pooled funds, including ETFs, in the U.S. and Europe with USD431bn AuM. State Street has provided back-office services to various legacy Columbia Threadneedle mutual funds going…
Category: Mandates
Equity Trustees wins Loftus Peak mandate
Equity Trustees has been appointed by Loftus Peak as the Responsible Entity (trustee) for the Loftus Peak Global Disruption Hedged Active ETF, a currency hedged version of its flagship product, the Loftus Peak Global Disruption Active ETF. The fund was launched in 2022 as an unlisted fund, and is now available with dual access, providing…
NTRS wins new mandates
Two new mandates for Northern Trust: It has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the USD18.5bn fund, including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as financial reporting. Northern Trust has been appointed to…
HSBC wins in Australia
Allianz Australia has appointed HSBC as global custodian and fund administrator.
BNY wins OpenEden mandates
OpenEden, a platform for the tokenisation of real-world assets, has appointed certain affiliates of BNY as investment manager and primary custodian for the underlying assets of its flagship Tokenized U.S. Treasury Bills ($TBILL) Fund. Launched in 2023, OpenEden’s $TBILL provides investors with direct exposure to a pool of short-dated U.S. Treasury Bills and overnight reverse…
NDRIO adds ITS to the front office
Northern Trust has expanded its long-standing relationship with the North Dakota Retirement and Investment Office (NDRIO) to include outsourced trading services, supporting the agency’s strategy to bring more of its State Investment Board’s (SIB) asset management in-house. Building on a partnership that began with custody services in 1990, NDRIO will deploy Northern Trust’s Integrated Trading…
NTRS wins UK OEIC mandate
Northern Trust has been appointed to provide asset servicing solutions to Gravis Advisory Limited for its UK OEIC fund range. Gravis is an independently managed UK-based asset manager specialising in infrastructure, real estate, and private credit investments. It has GBP2.3bn (USD3.1bn) AuM.
NTRS wins major MO mandate
Northern Trust has been appointed by Aristotle Capital Management, LLC to provide middle office outsourcing services for institutional portfolios managed by its equity affiliates. The partnership, which has already been implemented, covers portfolios representing approximately $40bn AuM. Under the mandate, Northern Trust will provide investment operations outsourcing via its middle office platform. Headquartered in Los…
AB expands with State Street
AllianceBernstein has appointed State Street as transfer agent for Taiwan’s first active bond ETF.State Street already services AB’s ETFs in U.S. and Australia.
Ocorian wins PEP mandate
Ocorian has supported the Cayman-domiciled fund advised by Pacific Equity Partners (PEP) as fund administrator, marking the seventh core fund for PEP. The Australian advisor to the Cayman fund, PEP, is Australasia’s leading private-equity manager, with AUD16bn AuM across various investment strategies. Ocorian assisted with establishment, launch and multiple closings of Fund VII and will…