New York
07 Seotember 2017
Reporter: Stephanie Palmer

BNY Mellon wins mandate from sustainable investment specialist Arabesque


Asset management firm Arabesque has selected BNY Mellon and FundVantage Trust to support the distribution of its new Arabesque Systematic USA Fund.

BNY Mellon will provide fund accounting and administration for the mutual fund, while FundVantage Trust will provide custody services.

Arabesque uses machine learning and big data to assess the sustainability and performance of companies. Its new fund applies its investment processes to all publicly-listed US equities.

FundVantage Trust specialises in helping investment managers to launch and operate US mutual funds.

Brace Young, partner at Arabesque, commented: “The FundVantage infrastructure allows Arabesque the ability to launch funds with a much lower cost structure.”

He added: “This strengthens our ability to generate competitive returns for our investors, and meet the growing demand for quantitative ESG-based products in the market.”

Dorothy McKeown, managing director of BNY Mellon Asset Servicing, said: “The FundVantage Trust provides world class mutual fund servicing that frees our clients to focus on their core mission of portfolio management. We look forward to delivering this capability for Arabesque as they grow in the US.”

Joel Weiss, president of FundVantage Trust, commented: “Global managers, such as Arabesque, with distinctive investment strategies are looking to expand their distribution to the US mutual fund marketplace.”

He added: “The FundVantage Trust series trust solution has demonstrated that we have the right expertise and operational support to help guide these managers to successfully launch and grow their mutual fund business.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Ten-year T2S saga comes to an end
19 September 2017 | Brussels | Reporter: Stephanie Palmer
The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
PwC promotes into leadership roles
19 September 2017 | London | Reporter: Theo Andrew
Elizabeth Stone will be responsible for working with asset and wealth management clients across audit, tax, advisory, deals and legal services across the UK
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Sanne backed as fund administrator by Central Bank of Ireland
18 September 2017 | Dublin | Reporter: Theo Andrew
Under Section 10 of the Investment Intermediaries Act, Sanne will now be able to provide services to Irish authorised collective investment schemes and alternative investment managers
New COO joins Calastone
18 September 2017 | London | Reporter: Theo Andrew
Stephen Mohan joins from DST Systems, formerly IFDS, where he was most recently executive director of transformation and innovation
More news