BIA Funds picks Newedge UK for custody and PB 26 October 2011London Reporter: Anna Reitman
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BIA Funds has announced that it has selected Newedge UK as its prime broker and custodian for two funds.
Newedge UK will provide prime brokerage services, in respect of all investments, margin financing, clearing, stock (securities) lending and borrowing facilities and custody services for the BIA Pacific Macro Master Fund and BIA Pacific Master Fund.
Newedge UK is a wholly-owned subsidiary of Newedge Group, which is joint-owned by Societe Generale and Credit Agricole.
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