Northern Trust appointed by BlueBox Asset Management to provide asset management solutions to its SICAV fund

0

LONDON–(COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) has been appointed to provide fund administration, custodian, global custody and integrated trading solutions (ITS) to BlueBox Asset Management Luxembourg resident Blue box Global Technology Fund.

Based in Geneva, Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has increased its assets under management to over US $ 1 billion (as of November 4, 2021). The fund invests in leading technology companies that enable innovation in the industry, such as suppliers of semiconductors, computer hardware, software and services.

Luis Viveros, Managing Director of BlueBox asset management, said, “Northern Trust has demonstrated a differentiated approach to supporting BlueBox Asset Management and our investors through a superior customer service experience and focused advisory engagement. Throughout our due diligence process, the teams impressed us with their focus on understanding our investment and business strategy, which resulted in a mutually agreed upon highly efficient service and operating model for help us meet current challenges and accelerate our growth targets.

BlueBox Asset Management benefits from an end-to-end solution for its asset management needs through Northern Trust Whole Office ™, a strategy that facilitates client access to services, solutions and new technologies throughout the lifecycle. of investment. In addition to Northern Trust which provides fund administration, custody and depositary services to the Luxembourg SICAV, Northern Trust Capital Markets provides Integrated trading solutions (HIS). ITS is an outsourced trading capability that combines global equity and fixed income trading expertise with access to global markets, extensive trading locations, high quality liquidity, and integrated middle and back office.

Guillaume de Gale, senior portfolio manager of BlueBox Global Technology Fund, said: “Northern Trust has been able to provide us with a high quality platform through which we have been able to execute our investment strategy effectively to help us optimize returns for our investors. This focus on holistic solutions for our business made it a natural fit as a business partner for the next phase of business growth. ”

Clive Bellows, Head of Global Fund Services, EMEA, at Northern Trust, said: “We are delighted to partner with this fast growing asset manager to support its growth through the scale and reach of our global solution suite and our experienced Luxembourg team. BlueBox Asset Management is a notable addition to our client list of Swiss based asset managers. We look forward to working in consultation with its local team to support its strategic ambitions on a global scale. ”

Northern Trust Global Fund Services business provides services such as fund administration, global custody, outsourcing of investment operations and capital market income enhancement solutions to global investment managers, supporting a range of strategies complex investments across all asset classes. Northern Trust Capital Markets is comprised of a number of Northern Trust entities that provide trading and execution services on behalf of institutional clients, including foreign exchange, institutional brokerage, securities lending and transition management.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset services, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets under custody / administration of US $ 15.8 trillion and assets under management of US $ 1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, head office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA. Please read our global and regulatory information.

# # #



Source link

Share.

Comments are closed.