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.
The $355 billion AustralianSuper has acquired a $1.4 billion European industrial and logistics portfolio, owned by OMERS real estate subsidiary Oxford Properties. The nation’s biggest fund is targeting a $7.5 billion valuation for the venture and $35 billion allocation in European and UK region before 2030, supported by its biggest international office in London with 121 employees.
Darcy SongJanuary 14, 2025
