Quintillion wins Insparo mandate 07 April 2011Dublin Reporter: Ben Wilkie
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Quintillion has been chosen to provide administration services to the Investment Funds managed by Insparo Asset Management Limited.
Insparo Asset Management operates within the frontier market sector. The firm’s flagship Africa and Middle East Fund has returned 33 per cent since launching in June 08. A second fund, focusing on African equities, was launched to investors in February. Insparo’s investment philosophy seeks to identify deep value opportunities through an emphasis on in-depth analysis at both the macro and micro levels, and aims to provide investors with superior returns and limited volatility.
Quintillion now provides both Insparo funds with a complete range of administration services, including NAV calculation, investor servicing, anti-money laundering checks and financial reporting.
Garrett Breen, head of fund administration at Quintillion said: “We are delighted to have won a client of Insparo’s calibre. We feel we can provide Insparo with the timely, accurate and transparent information they need each day to help them achieve their aim of being the premier asset manager in frontier markets.”
Commenting on the appointment of Quintillion, Jon Laidlow, chief operating officer of Insparo, added: “The comprehensive range of services offered by Quintillion make them an excellent partner for the funds. We are pleased to be working with them, and we look forward to the value they can add for our investors.”
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