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
BNP Paribas completes first fund transaction test using blockchain
11 January 2018 | Paris | Reporter: Jenna Lomax
The test was conducted using BNP Securities Services’s blockchain programme, Fund Link, and FundsDLT, a blockchain-based platform for fund transaction processing
KPMG Switzerland and SIX to bundle tax services
10 January 2018 | Zurich | Reporter: Jenna Lomax
KPMG Switzerland and SIX Securities Services are offering a combined package for tax services
Guernsey’s fund sector reports year-on-year growth
05 January 2018 | St Peter Port | Reporter: Jenna Lomax
Guernsey’s fund business grew by approximately £20 billion over the 12 months to the end Q3 2017
Italian custody win for BNP Paribas
12 December 2017 | Milan | Reporter: Jenna Lomax
BNP Paribas will provide Sara Assicurazioni with global custody services for €1.3 billion in Italian and foreign assets
Fundsquare and i-Hub bring KYC service to funds
12 December 2017 | Luxembourg | Reporter: Becky Butcher
Fundsquare and i-Hub have signed a commercial partnership for the introduction of i-Hub’s know-your-customer (KYC) platform to the funds industry
Lux secures funding for SaaS platform
08 December 2017 | New York | Reporter: Jenna Lomax
Transcend is Lux’s software-as-a-service solution for front-to-back office automation
SIX: Services providers must expand horizons
08 December 2017 | London | Reporter: Stephanie Palmer
Post-trade service providers must focus on providing new services in the future, while also investing in new technologies and personnel, according to research from SIX Securities Services
More fund services news