KUALA LUMPUR, May 12 -- Northern Trust has been appointed by Modular Asset Management (Singapore) Pte Ltd (Modular), a specialist Asian macro alternative investment management company licensed by the Monetary Authority of Singapore, for new asset servicing mandate.
According to a statement, Northern Trust will provide a range of custody, fund administration, middle-office outsourcing, collateral management and risk compliance monitoring services to Modular’s newly-launched Cayman Islands domiciled Modular Asian Macro Fund and related entities.
Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios.
Its extensive asset servicing solutions support a diverse range of asset classes and investment strategies, providing integrated middle-office capabilities from the point of trade capture through to investor statements around a single set of books and records.
Northern Trust, head of Hedge Fund Services (Asia-Pacific), Iain Carey said: “Northern Trust’s experience and expertise in dealing with sophisticated funds, coupled with our advanced technology platform and Singapore-based fund services capabilities ensure we’re well placed to help Modular achieve its overall objectives.”
On the other hand, Modular co-founder, Matthew Cannon said: “We looked at a range of service providers and were impressed by Northern Trust’s technology platform and integrated suite of services which securely support our complex investment strategies, investor liaison and operational needs.”
-- BERNAMA
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