Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Steve Smit, head of State Street’s Global Services and Global Markets UK, Middle East and Africa

9052

Fundsmith appoints State Street to service new SICAV UCITS IV feeder fund

RELATED TOPICS​

State Street Corporation has been appointed by Fundsmith LLP to provide fund administration, shareholder services, and custody for its new SICAV UCITS IV feeder fund in Luxembourg.

 
State Street has provided the Fundsmith Equity Fund OEIC with custody, fund accounting, depository and portfolio trade execution solutions since its launch in the UK in November 2010.
 
Simon Godwin, chief financial officer,  Fundsmith LLP, says: “Given the novelty of the SICAV feeder fund structure, the ability of our partner to address our needs and support the feeder structure was important and State Street gave us that.  Further, by extending, our relationship we have gained the benefits of significant operational and cost efficiencies.”
 
Steve Smit (pictured), head of State Street’s Global Services and Global Markets businesses in the UK, Middle East and Africa said, “We are honoured that Fundsmith has extended its relationship with us to include its new SICAV feeder fund. UCITS IV clarifies the rules for cross-border fund mergers and we believe, as a pan-European administrator, that State Street can help asset managers address the complexity and cost of managing master feeders and pooling so they can focus on growing their investment strategies and distribution networks.”
 

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by