MainstreamBPO has executed sale agreements to acquire Trinity Fund Administration in Ireland and the Cayman Islands. Privately owned Trinity currently provides administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to over 140
Northern Trust to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, expanding its presence in the former and gaining local fund administration capabilities in the latter. Following the transaction, which is expected to close in the
The value of funds being administered in Jersey rose to a record level at the end of 2016, the latest figures published by the jurisdiction’s financial regulator show. In the final quarter of 2016, the total value of funds
Acadian Asset Management has recently transitioned its long/short portfolios to SS&C GlobeOp. Acadian has been leveraging SS&C GlobeOp as its fund administrator for long-short strategies since Acadian launched its Diversified Alpha equity strategy in 2016. SS&C provides a
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia. Commencing business under the current owners
Trident Trust, an independent provider of corporate, trust and fund services to the financial services sector worldwide, has implemented Linedata’s transfer agency and reporting solution Mshare. Trident Trust is using Linedata Mshare and Linedata Reporting initially in Guernsey, Malta and
Hedge fund managers are continually reviewing their relationships with fund administrators, fund custodians, prime brokers, fund auditors, fund marketers and law firms to ensure that they are getting the services they need. A quarter of all hedge fund managers surveyed
Northern Trust, one of the world’s largest fund administrators, is to implement the Settlement Messaging Service of GlobalCollateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC). The adoption of the service will streamline Northern Trust’s margin
Dimensional Fund Advisors, a Texas based global asset manager with USD497 billion in assets under management, is extending its use of SimCorp Coric to enhance client reporting capabilities. This follows the firm having gone into successful production with SimCorp Coric
12th Street Asset Management has selected Archer, a technology and services provider for the investment management industry, to support the firm's growth across all channels, including separately managed accounts, a limited partnership and model delivery clients. Archer will provide technology
