Northern Trust has been appointed to provide fund administration, depositary, global custody and integrated trading solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund.
The Luxembourg SICAV, which has grown its assets under management to more than US$1 billion (as of November 2021), invests in technology companies that enable industry innovation such as suppliers of semi-conductors, hardware, software and services.
BlueBox Asset Management will benefit from an end-to-end solution across its asset servicing needs via Northern Trust Whole Office, a strategy that facilitates client access to services, solutions and new technologies across the investment lifecycle.
In addition, Northern Trust Capital Markets will provide the fund with ITS. ITS is an outsourced trading capability that combines worldwide trading in equities and fixed income with access to global markets, trading locations, liquidity and an integrated middle- and back-office service.
Headquartered in Geneva, Switzerland, BlueBox Asset Management was established in 2017.
Luis Viveros, managing director of BlueBox Asset Management, says: “Northern Trust demonstrated a differentiated approach to supporting BlueBox Asset Management and our investors through a superior client service experience and focused consultative engagement.
He adds: “Throughout our due diligence process, the teams impressed us with their focus on understanding our investment and business strategy which resulted in a mutually agreed highly efficient service and operating model to help us address current challenges and expedite our growth objectives.”
Clive Bellows, head of global fund services, Europe, Middle East and Africa at Northern Trust, comments: “We are delighted to partner with this fast-growing asset manager to support their growth through the scale and scope of our global solutions suite and experienced Luxembourg team. BlueBox Asset Management is a noteworthy addition to our Swiss-based asset manager client list. We look forward to working consultatively with its local team to support its strategic ambitions globally.”
