Fund administration

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DEX

Retrieved on: 
Monday, December 28, 2020

While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.

Key Points: 
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation.
  • Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment advisor.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Northern Trust Marks 20 Years in Ireland in 2020

Retrieved on: 
Tuesday, December 15, 2020

Leading financial services company, Northern Trust is the third largest provider of fund administration and custody services in Ireland (source: Monterey Insight Ireland Fund Report, 24 February 2020) employing more than 1600 people in its offices in Dublin and Limerick.

Key Points: 
  • Leading financial services company, Northern Trust is the third largest provider of fund administration and custody services in Ireland (source: Monterey Insight Ireland Fund Report, 24 February 2020) employing more than 1600 people in its offices in Dublin and Limerick.
  • Northern Trust is a valued employer in Ireland, employing some 1600 people, and contributing substantially to the economy of Dublin and the Mid-West.
  • Said Clive Bellows, head of Global Fund Services, for Europe, Middle East and Africa at Northern Trust: Ireland is a global center of fund administration excellence for Northern Trust, from which we support our clients and their investors.
  • As of September 30, 2020, Northern Trust had assets under custody/administration of US $13.1 trillion, and assets under management of US $1.3 trillion.

Liberty All-Star Equity Fund, Inc. November 2020 Monthly Update

Retrieved on: 
Monday, December 14, 2020

If the market price is above the NAV the Fund is trading at a premium.

Key Points: 
  • If the market price is above the NAV the Fund is trading at a premium.
  • If the market price is below the NAV the Fund is trading at a discount.
  • Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses.
  • The final determination of the source of all distributions in 2020 for tax reporting purposes will be made after year end.

NAV Fund Administration Group Introduces Special Pricing for Impact Funds

Retrieved on: 
Monday, December 14, 2020

OAKBROOK TERRACE, Ill., Dec. 14, 2020 /PRNewswire-PRWeb/ --NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has announced a 15% discount on Impact Fund administration fees to demonstrate the firm's commitment to Environmental, Social, and Governance (ESG) values and Socially Responsible Investing (SRI).

Key Points: 
  • OAKBROOK TERRACE, Ill., Dec. 14, 2020 /PRNewswire-PRWeb/ --NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has announced a 15% discount on Impact Fund administration fees to demonstrate the firm's commitment to Environmental, Social, and Governance (ESG) values and Socially Responsible Investing (SRI).
  • "The NAV team provides the experience that comes with servicing thousands of funds around the globe, representing a wide range of trading strategies and fund structures, including complex funds and asset classes."
  • NAV also has in-house expertise in fund administration, compliance, and accounting, with 75% of the team holding advanced degrees and certifications including MBA, JD, CPA, CFA, and CA.
  • For more information on NAV Impact Fund services, visit the NAV Fund Administration Group website or contact the firm.

State Street Announces Extension of Servicing Agreement with Glenmede Investment Management

Retrieved on: 
Tuesday, December 8, 2020

State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (GIM), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (GIM), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM.
  • As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds.
  • We are very pleased to expand on our relationship with GIM and the Glenmede Funds, said Ellyn Charters, senior vice president at State Street.
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.

Ultimus Names Kelly Ramsey Gooch to Lead Client Relationship Management for Private Fund Administration

Retrieved on: 
Wednesday, December 2, 2020

CINCINNATI, Dec. 02, 2020 (GLOBE NEWSWIRE) -- As a leading independent provider of full-service fund administration, accounting, and investor solutions, Ultimus Fund Solutions (Ultimus) is pleased to welcome Kelly Ramsey Gooch as Executive Vice President, Client Relationship Officer for Ultimus LeverPoint, the firms private fund administration services group.

Key Points: 
  • CINCINNATI, Dec. 02, 2020 (GLOBE NEWSWIRE) -- As a leading independent provider of full-service fund administration, accounting, and investor solutions, Ultimus Fund Solutions (Ultimus) is pleased to welcome Kelly Ramsey Gooch as Executive Vice President, Client Relationship Officer for Ultimus LeverPoint, the firms private fund administration services group.
  • Gooch joined Ultimus LeverPoint in October 2020, bringing 25 years of experience at large fund administrators in senior-level and executive client-facing positions within the registered and private fund administration business.
  • In alignment with Ultimus relationship management model, Gooch works closely with the Ultimus LeverPoint relationship management team and clients to focus on strategic engagements with clients, client satisfaction and communication.
  • In addition to relationship management, Goochs experience includes fund administration, operations management, investor services, project management, business development, and client implementations.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DEX

Retrieved on: 
Friday, November 27, 2020

While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.

Key Points: 
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation.
  • Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment advisor.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Liberty All-Star Equity Fund October 2020 Monthly Update

Retrieved on: 
Thursday, November 12, 2020

If the market price is above the NAV the Fund is trading at a premium.

Key Points: 
  • If the market price is above the NAV the Fund is trading at a premium.
  • If the market price is below the NAV the Fund is trading at a discount.
  • Performance returns for the Fund are total returns, which includes dividends, and are net of management fees and other Fund expenses.
  • Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares.

MUFG Investor Services Launches Proprietary Contingent NAV Solution for Mutual Funds

Retrieved on: 
Thursday, November 12, 2020

MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced the creation of cNAV, a proprietary contingent net asset value solution for mutual funds.

Key Points: 
  • MUFG Investor Services (MUFG), the global asset servicing arm of Mitsubishi UFJ Financial Group, today announced the creation of cNAV, a proprietary contingent net asset value solution for mutual funds.
  • To develop the cNAV, MUFG uses the firms Business as Usual data and existing workflows, effectively operating a parallel calculation independent of existing infrastructure.
  • Services include fund administration, fund accounting, global custody, transfer agency, trustee, depositary, middle-office services, securities lending, FX, banking and fund finance.
  • MUFG Investor Services currently provides administration services for over 2,100 funds across all investment strategies, asset types and fund structures with over $635 billion in assets under administration.

NAV Fund Administration Group Earns Two Industry Awards

Retrieved on: 
Wednesday, November 11, 2020

OAKBROOK TERRACE, Ill., Nov. 11, 2020 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was the recent recipient of two industry awards one recognizing overall fund administration excellence and the second specifically citing its superior Middle Office capabilities.

Key Points: 
  • OAKBROOK TERRACE, Ill., Nov. 11, 2020 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was the recent recipient of two industry awards one recognizing overall fund administration excellence and the second specifically citing its superior Middle Office capabilities.
  • In addition to the most recent recognition, NAV earned several industry awards earlier in 2020, including:
    Top Global Hedge Fund Administrator: HFM Insights 2020 Service Provider Rankings and Ratings
    Best Fund Administrator Middle Office Services: HFM U.S. Services Awards 2020
    Best Fund Administrator Private Credit: Alt Credit Fund Intelligence 2020 U.S. Services Awards
    Founded in 1991, NAV is a privately-owned fund administrator recognized for its innovative and cost-effective fund administration solutions.
  • Launched in 2002, Hedgeweek covers hedge fund industry news for investors and fund managers.
  • It provides news, features, research, awards and events for the global hedge fund industry.