Fund Administration

Brexit has created uncertainty for UK fund managers, but the EU 27 will be fine without them, say delegates at the Association of the Luxembourg Fund Industry’s conference.

Waterland has sold Intertrust Group, which provides fund administration and tax advice services, for a reported €675m.

Exit specialists Bluebox strengthens its team, pension funds now have access to an online asset manager network and fund administrator HedgeServ launches a Form PF reporting solution.

The European Private Equity and Venture Capital Association was left frustrated after the European Parliament voted for the adoption of a depository requirement for its venture capital scheme.