Fund administration

State Street to provide full servicing solution for EARNEST Partners’ new UCITS funds


State Street Corporation is expanding its relationship with EARNEST Partners to provide a full suite of servicing solutions for the firm’s new UCITS funds.

EARNEST Partners will now offer global access to its equity strategies through its Irish domiciled UCITS funds, including global emerging markets, frontier markets and global ex-US equities.
 
State Street currently provides support for EARNEST Partners’ onshore funds. As part of the expansion of its current servicing relationship, State Street will now also provide asset management services (AMS) and Key Investor Information Document (KIID) solutions as well as support for provision of past performance and document collation.
 
Gavin Nangle, head of the asset manager solutions team in Ireland at State Street, says: “This UCITS partnership and State Street’s related best of breed products and services will help support EARNEST Partners as they expand their offshore fund offerings.”
 
Paul Viera, founder and chief executive officer of EARNEST Partners, says: “We have seen increasing interest from investors for offshore opportunities, so this extension of our relationship with State Street enables us to meet this demand. The UCITS structure provides important investor protection, regulatory and disclosure characteristics, which, combined with State Street’s extensive experience in the area, make these funds an attractive prospect for investors.”

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