Category: Offshore

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,…

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…

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,…

IQ-EQ, the Luxembourg-based administrator, has appointed Romain Mifsud as chief commercial officer for France and Switzerland. With 14 years’ experience in the private market industry, Mifsud specialises in private equity, real estate, private debt and securitisation. Prior to joining IQ-EQ, he was at SGSS in Paris, where he was responsible for the development of a…

Altum Group, the C.I.-based financial services provider, has completed its acquisition of Link Fund Solutions (Luxembourg) S.A. (Link Luxembourg), following full regulatory approvals. Link Luxembourg is a provider of AIFM and third-party ManCo services. Following the close, Link Luxembourg will soon be rebranded to Altum Management Company (Luxembourg) S.A. and will operate as a subsidiary…

Northern Trust has appointed Olivier Noël as country head of Luxembourg and leader of its Luxembourg-based asset servicing business. He replaces Steve David, who left to join FundBank. Noël also assumes the position of CEO of Northern Trust’s European Union (EU) bank, Northern Trust Global Services SE, following approval by its board. He will become…