Luxembourg
21 February 2017
Reporter: Stephanie Palmer
RiskSystem wins Luxembourg UCITS mandate
Credit Suisse Fund Management has selected the Dublin-based Maraging Funds, trading as RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund.

The Credit Suisse (LUX) Absolute Return Bond Fund is a global fixed-income UCITS fund offering daily liquidity, with assets under management of half a billion dollars.

According to Credit Suisse, the mandate followed an extensive search and review of systems, and was based on the merit of RiskSystem’s cloud-based delivery method, range of functionality and flexible reporting solution.

Max Gnesi, director of Credit Suisse, commented: “Credit Suisse had a specific requirement for an independent third-party risk-management provider. We are very happy to partner with RiskSystem and to use their engine and expertise to assist us in monitoring and managing the risks of our Absolute Return Bond Fund.”

Peter Cripwell, CEO of RiskSystem, added: “By utilising RiskSystem’s core UCITS product, Credit Suisse will be better able to manage their fund with more timely and accurate information. In addition, the investors in the fund can take comfort from the fact that a truly independent service provider is monitoring the risk of the fund on an ongoing basis.”

RiskSystem currently provides services to about 40 funds and about €3.2 billion in assets.

More fund services 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
$33bn REIT mandate for BNY Mellon
20 April 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon Alternative Investment Services has been selected to provide fund administration for PGIM Real Estate’s US real estate funds
Apex in Saudi fund admin partnership
20 April 2017 | Riyadh | Reporter: Stephanie Palmer
Apex Fund Services has partnered up with Saudi Arabian custodian Albilad Capital, to deliver fund administration solutions to Saudi funds
BNP Paribas set for Dutch expansion
11 April 2017 | Utrecht | Reporter: Stephanie Palmer
BNP Paribas is expanding its presence in the Netherlands, having been appointed as service provider to Dutch asset management firm Actiam
SGSS wins mandate for ASEAN Women Empowerment Fund
11 April 2017 | Luxembourg | Reporter: Stephanie Palmer
BlueOrchard Finance, an impact investment manager, has appointed SGSS to provide fund services for the Luxembourg-based Japan ASEAN Women Empowerment Fund
ETF servicing mandate for Citi
29 March 2017 | Cleveland, Ohio | Reporter: Stephanie Palmer
Citi has been appointed to provide ETF services to Cleveland-based boutique asset manager Victory Capital
Australian mandate win for RBC I&TS
08 March 2017 | Sydney | Reporter: Stephanie Palmer
RBC Investor & Treasury Services has won the mandate to provide custody and administration services to Uniting Financial Services in Australia
CACEIS to facilitate bitcoin fund investment
08 March 2017 | Luxembourg | Reporter: Stephanie Palmer
Depository and transfer agent CACEIS is partnering with Bitstamp to allow fund promoters to accept bitcoin investments into investment funds
More fund services news