FundRock named AIFM for Jupiter US Smaller Companies
Latest news
FundRock named AIFM for Jupiter US Smaller Companies 23 December 2020UK Reporter: Becky Bellamy
Image: IRStone - stock.adobe.com
FundRock’s UK entity FundRock Partners has been appointed as the alternative investment fund manager (AIFM) and company secretary of Jupiter US Smaller Companies.
As part of the mandate, due to commence on or before 1 April 2021, FundRock will provide oversight of the delegated functions as well as risk and compliance monitoring.
Jupiter US Smaller Companies will utilise FundRock’s investment trust business and its existing close partnership with J.P. Morgan's depositary, custody and administration services, which the company currently uses.
The appointment follows the announcement that the board of Jupiter US Smaller Companies intends to appoint Brown Advisory as the company’s investment manager, which is anticipated to become effective on or before 1 April 2021.
Brown Advisory will manage the company using its US small-cap growth strategy, which invests primarily in the shares of small US companies possessing above-average growth potential.
Xavier Parain, CEO of FundRock, said: “We are pleased to be the partner of choice for Jupiter US Smaller Companies, ahead of the company’s intended appointment of Brown Advisory as its investment manager.”
“We look forward to providing our market leading solutions and strong expertise in order to help further grow this Trust and enable the firm to focus undistracted on delivering shareholder value,” Parain added.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: IRStone - stock.adobe.com 