POWERED BY MOMENTUM MEDIA
HSBC Securities wins Ascalon custody mandate
HSBC Securities Services (HSS) has won a mandate to provide custody and administration services for boutique funds manager, Ascalon Capital Managers in Australia, as the manager looks to consolidate its custody and fund administration services with one provider.
“We are delighted to win this mandate to become Ascalon’s sole securities services provider,” said Andrew Bastow, head of Securities Services, Australia.
“The strength of our offering in the Australian securities services market lies in our ability to offer securities custody and hedge fund administration on a seamless global basis and we look forward to putting this to use for Ascalon and its clients in Australia.”
Ascalon Capital Managers chief executive Andrew Landman said that Ascalon had grown significantly over the past 12 months, in terms of funds under management and with a number of new managers.
“Today’s announcement allows us to consolidate the operational side of our business to one global provider, and will result in greater synergies and better delivery to our customers,” Landman said.
Recommended for you
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
