SALI Fund Management, a specialist in the creation and administration of Insurance Dedicated Funds (IDFs), has secured a growth capital investment from affiliates of Long Ridge Equity Partners LLC. Proceeds from the financing will be used to further invest in
MUFG Investor Services has partnered with Point Nine Limited, a specialist in outsourced operations, processing and reporting for post-trade execution. Point Nine’s middle office platform, Circle, will be available to MUFG Investor Services’ clients enhancing the firm’s existing Business Process
Ultimus Fund Solutions (Ultimus), an independent provider of fund administration, accounting and investor solutions to traditional and alternative fund managers, is to acquire LeverPoint Management (LeverPoint). LeverPoint, headquartered in Clifton Park, NY, is an independent provider of full-service fund administration,
Fund administration for the alternatives industry is approaching a tipping point, with mounting industry headwinds leading many fund managers to outsource middle-and-back office processes to achieve greater operational efficiency and scalability. That’s according to Citco’s Spring Industry Spotlight, which identifies
Brightway Asset Management Limited (Brightway), an indirect wholly owned subsidiary of China Minmetals Corporation (CMC), principally engaged in asset management, has appointed SS&C GlobeOp as its fund administrator. Brightway says the selection of SS&C GlobeOp was based on the
Estera, a leading global provider of funds, corporate and trust services, has appointed Ethan Levner as Group Head of Funds, with overall responsibility for funds operations across the 11 jurisdictions the business operates in. Estera is a specialist in fund
Opus Fund Services has officially launched its European fund administration business based in Dublin, Ireland having secured authorisation by the Central Bank of Ireland under the Investment Intermediaries Act. Launched in 2006, the Opus proprietary based technology has, to date,
Hauck & Aufhäuser, via its subsidiary Hauck & Aufhäuser Fund Services in Luxembourg, has acquired a majority stake in Crossroads Capital Management Limited (CCM). CCM is a well-established Alternative Investment Fund Manager (AIFM) and a UCITS management company based in
Crestbridge has established a branch of its Luxembourg Management Company (ManCo) in London as the business seeks to cement ties between the UK and Luxembourg and secure new opportunities post-Brexit. The move comes after Crestbridge received formal regulatory approval to
Oak, a new private client, corporate services and fund administration group, has acquired International Administration Group (IAG). Founded in 2000 by Mark Woodall and Alison Simpson, IAG is a specialist fund administration business headquartered in Guernsey with a team of
