Following receipt of regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF), Centaur has completed its purchase of Luxembourg Capital Partners SA and is now open for business in the Grand Duchy. Centaur’s Luxembourg office will focus on
On 23 August 2018, Luxembourg’s regulator, the CSSF, published a Circular 18/698 which set out to codify the organisation, substance and authorisation of Luxembourg investment fund managers. Amongst others the Circular replaces Circular 12/546, which detailed the CSSF’s expectations for
RBC Investor & Treasury Services (RBC I&TS) has been appointed custodian by Picton Mahoney Asset Management (Picton Mahoney) for three liquid alternative mutual funds added to Picton Mahoney’s Fortified Fund family. RBC I&TS will also provide fund administration and
Independent fund research company, Monterey Insight, has confirmed the Aztec Group is the leading fund administrator in Jersey for the third consecutive year, administering USD126.0 billion net assets and 181 funds. The annual Monterey Report provides a comprehensive analysis of
Prescient Fund Services (Ireland) Limited, an independent provider of globally competitive and flexible outsourced management company, platform and fund administration services, has converted two of its fund platforms from PLCs (Public Limited Companies) to ICAVs (Irish Collective Asset-management Vehicles). Prescient
Corry Capital Advisors (CCA) appoints Northern Trust to provide fund administration and related services for CCA’s US commingled funds. Pittsburgh-based CCA selected Northern Trust earlier this year to provide fund administration and depositary services for Irish-domiciled funds to support its
Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland. Fund Recs software will be used to automatically capture trades from Fund
BNY Mellon has been appointed trustee and portfolio administrator for Avoca CLO XII Limited, a EUR415 million collateralised loan obligation (CLO) launched by KKR. BNY Mellon will also act as account bank, custodian, registrar and paying agent for the CLO.
Since the Approved Manager Regulations were implemented in the BVI in 2012, smaller managers seeking a more simplified approval process and lighter touch regulatory framework compared to the Securities and Investment Business Act (SIBA) have really benefited. Under the approved
Sealark has chosen portfolio management technology specialist Truss Edge to support its day to day data and portfolio activities of its new commodities fund. The new London-based fund has been set up by former Millennium Management trader Andrew Dodson. Truss
