HFA Asset Management is in final negotiations with National Custodian Services (NCS) for a fund administration and unit registry contract, replacing the incumbent combination of ANZ Custodian Services and Link Market Services.
HFA’s chief operating officer, Amber Stoney, said the hedge fund-of-funds vendor wanted a backoffice provider which could integrate custody, fund administration and unit registry under the one roof. “;Having unit registry and admin done by different organisations meant we always had two parts to reconcile…it should improve efficiency to have a custodian who can do [registry] in-house,”; she said. HFA has approximately 8000 unitholders, and $2.8 billion in funds under management.
As super fund CIOs return to work for 2025, all eyes are on two things: Donald Trump’s presidency, and inflation. But they’re not the only issues that will drive investment decisions and returns, and some of them may present an unfamiliar set of challenges for a cohort of investment professionals that has grown up experiencing a particular set of market and economic conditions.
Simon HoyleJanuary 7, 2025
