Phoenix Fund Services has won the contract to provide the fund accounting and transfer agency services for Darwin Investment Management. Darwin has also contracted to install Phoenix’s proprietary front office system AFOS. Thesis, the specialist ACD provider, are to act as the ACD for the TM Darwin Multi-Asset Fund.
David Jane (pictured), founder of Darwin Investment Management, says: “Darwin is delighted to be working with Thesis as an established specialist ACD and Phoenix with its track record of supporting the growth of boutique fund managers. The comprehensive nature of the service provided by Phoenix, notably its securities and middle office administration, allied with its proprietary software offer real value to Darwin. Whilst the benefits of working with a specialist ACD independent of the fund’s administrator are self evident.”
John Rice, CEO of Phoenix Fund Services, says: “Phoenix is very pleased to be working with Darwin as it establishes itself as a real force in the investment management world. We look forward to assisting this exciting new development and supporting David Jane and his colleagues. At the same time we welcome this first opportunity to work closely with Thesis, in what is hoped will evolve into a strategic partnership.”
David Tyerman, Managing Director, Thesis, says: “Working with Darwin and Phoenix represents a significant development in Thesis’ business as an independent ACD. We welcome the opportunity to work with David Jane and his team as they build Darwin Investment Management into a real presence in the UK funds world. Equally, we are excited to be working with Phoenix and their focus on supporting boutique and specialist investment managers.”