Leading global asset manager abrdn has announced the launch of the abrdn Eclipse fund platform, which the firm describes as “an industry-first offering for institutional investors” that provides passive exposure to hedge fund strategies underpinned by indices from hedge fund index provider Hedge Fund Research (HFR).
Deals & Transactions
Schroders has taken a strategic minority stake in Forteus, an asset manager focused on blockchain technology and digital assets that is headed by senior former executives from the alternative investment industry.
SEI has acquired Novus Partners (Novus), a global portfolio intelligence platform company, designed to expand SEI’s capabilities for both the institutional investor and investment management markets.
Following a strategic merger of two of the best-in-class tools for institutional investors — MackeyRMS and InsiderScore — the combined company has now rebranded as Verity and integrated its technologies to launch the Verity Platform, which combines research management workflows with actionable data and insights.
K3 Advisory, an independent bulk annuity and consolidator advisory business, and its business-to-business partner Cartwright, the independent privately-owned pension actuarial, investment consulting, consultancy and administration firm, has successfully completed a GBP9 million full buy-in for a US-listed medical devices business.
Further to the announcement on 12 April 2021, Columbia Threadneedle Investments (Columbia Threadneedle), part of Ameriprise Financial (NYSE:AMP), has completed the acquisition of Bank of Montreal’s EMEA asset management business (BMO GAM (EMEA)).
Governance.com, a low-code process management platform for regulated companies, has signed a five-year deal with global financial services provider Apex Group Ltd (Apex), to implement a digital process management platform and systems.
Plate IQ, a restaurant and hospitality accounts payable (AP) automation and payments platform, has raised USD160 million in Series B funding from FTV Capital, a sector-focused growth equity investment firm.
SimCorp has entered into a strategic alliance where Citi Securities Services will integrate post-trade custody data with SimCorp to offer a seamless front-to-back user experience for their mutual clients.
LifeSight, Willis Towers Watson’s defined contribution master trust, is investing nearly USD1 billion in Willis Towers Watson’s Climate Transition Index (CTI) fund for mainstream mobilisation towards its climate goals.