Morgan Stanley sells alternative investment feeder funds administration business to iCapital
iCapital will assume oversight of 115 Morgan Stanley feeder funds which invest in alternatives assets for the bank’s wealth management arm.
Tag: Alternatives
Northern Trust sees increased custody demand from insurance clients
One of its newest clients is Grange Insurance of Columbus, Ohio, which mandated Northern Trust to provide global custody for its $2.5 billion of assets.
BNP Paribas Securities Services creates head of alternatives role for Asia-Pacific
The hire marks BNP Paribas’ strategy to grow its fund administration business for hedge funds and private capital funds for the region.
RBC I&TS wins custody mandate for real estate-focused asset manager
RBC I&TS has made a number of efforts to boost its alternatives coverage globally through senior appointments.
Vistra hires private equity expert to lead US alternatives division
Scott Kraemer will be responsible for the development and strategy of Vistra's alternative investment strategy for the region.
Unconventional investments top traditional hedge fund strategies for first time, finds Credit Suisse
The survey found demand is being driven by a desire for customisation and transparency by allocators and other hedge fund investors.
New fund administration association adds three more members
North American Fund Administration Association welcomes three new members from alternatives fund admin industry.
State Street hires hedge fund sales expert for Europe
State Street has increased its drive into the alternatives space to win new hedge fund and alternative manager clients through administration and financing deals.
European buy-side view alternatives operations the most challenging to manage
Private debt and alternative asset classes were cited by the buy-side as the most operationally costly to manage.
RBC I&TS names global head for alternative fund manager clients
RBC I&TS names new global head of private capital services operations in Dublin from Vistra Group.