Press release
Northern Trust Appointed by BlueBox Asset Management to Provide Asset Servicing Solutions to its SICAV Fund
Fund Passes US$1 Billion in Assets Under Management LONDON--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) has been appointed to provide fund
About this update from Northern Trust Corporation
[{"type":"text","content":"\nFund Passes US$1 Billion in Assets Under Management\n\n LONDON--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) 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.\n\nHeadquartered in Geneva, Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown its assets under management to more than US$1 billion (as of 4 November 2021). The fund invests in cutting-edge technology companies that enable industry innovation, such as suppliers of semi-conductors, hardware, software and services.\n\nLuis Viveros, managing director of BlueBox Asset Management, said: “Northern Trust demonstrated a differentiated approach to supporting BlueBox Asset Management and our investors through a superior client service experience and focused consultative engagement. 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.”\n\nBlueBox Asset Management is benefiting 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 to Northern Trust providing fund administration, custody and depositary services to the Luxembourg SICAV, Northern Trust Capital Markets is providing Integrated Trading Solutions (ITS). ITS is an outsourced trading capability that combines worldwide trading expertise in equities and fixed income with access to global markets, extensive trading locations, high-quality liquidity and an integrated middle and back office service.\n\nWilliam de Gale, lead portfolio manager of BlueBox Global Technology Fund, said: “Northern Trust was able to provide us a high-quality platform through which we could execute our investment strategy efficiently to help us optimise returns for our investors. This focus on holistic solutions for our business made them a natural choice as a business partner for the next phase of growth for the firm.”\n\nClive Bellows, he...