26 April 2011 14:00

Aurora Funds Management, which invests $550 million across six funds, will consolidate its three fund accountants into one.

The manager, which distributes funds with an alternative bent, previously used a combination of Kingsway Taitz, Adelaide-based MacKenzie Coultas and J.P. Morgan Worldwide Securities Services, which purchased previous provider ANZ Custodian Services in November 2009.

Consolidation also came to bear on Kingsway Taitz, which was sold to Dutch group TMF just a couple of months before the ANZ custody deal.

Aurora has decided to consolidate all of its fund accounting with MacKenzie Coultas, a provider originally recommended to it by its responsible entity, Equity Trustees.

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