With UCITS assets in excess of USD5.6trillion and 59 per cent of managers with AUM of USD1billion or more running a UCITS platform (according to a recent Preqin report), Societe Generale has
With UCITS assets in excess of USD5.6trillion and 59 per cent of managers with AUM of USD1billion or more running a UCITS platform (according to a recent Preqin report), Societe Generale has decided to get in on the action by launching its own UCITS Fund Solution. With the UCITS universe growing week-on-week as more offshore managers look to tap into institutional assets, Soc Gen hopes to attract managers by offering a one-stop shop solution to onboarding UCITS-compliant funds. Along with core operational services, the solution supports custodial, trustee, trade execution, administration and finance tools. It is the brainchild of a collaboration between teams from Soc Gen Securities Services and Soc Gen Corporate & Investment Banking. Critically, it aims to position itself as a cost-effective equivalent to using a stand-alone UCITS platform. Fund managers will be able to draw on SGSS’s global network for support in liquidity and collateral management, as well as derivative pricing. The solution provides access to 70 equity cash and derivatives markets. Bank of America Merrill Lynch’s MLIS platform is widely regarded as the market leading UCITS platform with USD1.3billion in AUM and several top managers including GLG Partners and York Capital. It too is a one-stop shop for investors and managers.
