Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.
State Street reported two new Alpha deals, including LGIM and Invesco, as well as five Alpha client mandates that went live at the end of the second quarter.
After the rise in back-office outsourcing from private equity funds to administrators in recent years, it appears real estate investment managers could see the next spike.
Custodian continues hot streak of middle-office outsourcing deals and continues to accumulate assets under custody from UK fund managers.
The mandate will also enable Lifetri to continuously monitor its investments with an integrated view on all internally and externally managed portfolios.
The experience of 2020 has triggered a major shift in the service provision relationship between alternatives asset managers and their service providers, according to Jay Peller, head of fund services at Citco.
The survey of 32 C-Suite executives from global financial institutions found that over one third are considering, or have shifted, to new services and strategies.
The ability to own the technology stack within a front-to-back service offering has made the tech vendor giant a key partner for hedge funds, according to SS&C Eze general manager Mike Hutner.