Osmosis Investment Management has appointed Northern Trust to support its MoRE World Sustainable Market Neutral Fund.
According to Northern Trust, this is a sustainable investment fund taking long positions in resource-efficient companies, and short positions in inefficient companies across developed markets.
Services provided by Northern Trust include fund administration, foreign exchange algorithmic trading and liquidity management solutions.
The fund is supported by Prescient Fund Services (Ireland) on the Prescient ICAV platform, which is geared towards supporting growing boutique to mid-sized asset managers.
Northern Trust also supports the operation of this platform as Prescient’s custodian and appointed depositary under the EU’s UCITS regulations.
Ben Dear, CEO of Osmosis Investment Management, commented: “Northern Trust has supported several of our previous fund launches and we’re excited to extend our relationship with them on this fund.”
“As well as our history of working in successful partnership, Northern Trust’s track-record of working with leading global asset managers gives us the utmost confidence they have the expertise and capability to support the continued scaling-up of this fund and our broader business.”
Clive Bellows, head of global fund services Europe, the Middle East and Africa of Northern Trust, added: “We see an increasing trend of asset managers launching responsible and sustainable funds and are delighted to expand our relationship with Osmosis.”
“We are focused on supporting the demands of their growth as they continue to evolve their products and capabilities. At the same time, our relationship with Prescient and links with their platform help us work in tandem to support our client’s operational requirements, and play our role in the smooth running of their business.”
