Outsourcing providers are ramping up their offerings but take-up among large managers is still rare. Nicholas Pratt asks if all the competition will be in vain.
Outsourcing providers are ramping up their offerings but take-up among large managers is still rare. Nicholas Pratt asks if all the competition will be in vain.
By Phillip Caldwell, Global Head of Cross-Border Pooling Product, Northern Trust
Fullgoal Asset Management has appointed Deutsche Bank as custodian and service provider for one of the first Ucits fixed income funds to have a renminbi quota.
According to findings from research company Monterey Insight, BlackRock Financial Management has Jersey-based schemes with $16.1 billion (€15.1 billion) in assets. This is followed by CVC Capital Partners with $15.6 billion and ETF Securities with $13.6 billion in assets.
Fund assets serviced in Jersey reached $296.2 billion at the end of June 2015, down 3.2% from 2014. However, the number of serviced schemes increased to 1,120 and the total number of sub funds recorded also showed an increase at 1,559.
Bruno Prigent, head of Société Générale Securities Services, outlines his firm’s plan to become more integrated and competitive.
A new working group intends to bring automation to the alternative funds market. But why should this plan be successful, asks Nicholas Pratt, when others have failed?
Lynx Asset Management, a Swedish asset management firm, has awarded a $1 billion (€888.5 million) fund administration mandate to HSBC Securities Services (HSBC SS) for two onshore funds.
Gaining a passport into Luxembourg for its UCITS ManCo permissions will see third-party administrator Maitland attain Super ManCo status.
An outbreak of common sense among asset managers could be the biggest consolation for custody banks striving to make their core services profitable. Nicholas Pratt reports.
Societe Generale Securities Services (SGSS) is to launch trustee and depositary services in the UK to support Ucits and alternative investment funds.
