Royal London Asset Management will be applying SS&C’s fund administration suite to its new Australian active funds.
Royal London Asset Management (RLAM), a U.K. fund management company, has extended its relationship with SS&C Technologies by having SS&C Global Investor & Distribution Solutions (GIDS) provide fund administration and unit registry services for its new range of Australian active funds, officials say.
The SS&C GIDS division will provide a suite of fund administration services such as fund accounting, unit pricing, transfer agency, valuation, and tax/financial reporting for:
- Royal London Global Equity Diversified Fund;
- Royal London Global Equity Enhanced Fund;
- Royal London Global Equity Select Fund; and
- Royal London Short Duration Global High Yield Bond Fund.
“RLAM is part of Royal London, the U.K.’s largest mutual life, pensions and investment company. SS&C services approximately £72 billion in assets under management across its U.K. fund range,” officials say. “Equity Trustees will serve as the Responsible Entity for RLAM’s new funds, which have launched with around AUD $1 billion in AUM. The unit trusts are structured as feeder funds, providing investors with indirect exposure to RLAM’s range of Dublin-domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) funds.”
“We’ve been partnering with SS&C for the last three years in the U.K. with positive results. The firm’s global scale and their growing presence in the Australian market made SS&C a natural choice to service our new Australian funds. SS&C’s expertise has streamlined the unit trust launch process for our team, allowing us to focus on building direct relationships with Australian investors and advisers,” says Ed Venner, chief client officer at RLAM, in a prepared statement.
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