12 April 2016: London
INDOS Financial, the UK independent AIFMD depositary, has been appointed to provide depositary services to two quantitative hedge funds managed by Cantab Capital Partners LLP. The funds, CCP Quantitative Fund and CCP Core Macro Fund, transitioned to INDOS from a depositary affiliated to the fund administrator.
The transition marks the third depositary switch to INDOS in the past six months from three different depositaries, two of which represented funds with assets in excess of $1 billion.
Bill Prew, CEO of INDOS Financial, said “We are delighted to be working with Cantab Capital. Increasingly managers are recognising the benefits of an independent depositary solution and we look forward to delivering our transparent and value-add service to the Cantab Capital funds.”
Fraser McIntyre, Partner and Chief Operating Officer of Cantab Capital Partners, said “Following the introduction of the AIFMD, like many managers we initially appointed a depositary affiliated to our fund administrator. Almost two years on, we recognise that independence between the depositary and the fund administrator will add more value to our investors, the funds’ directors and our business. INDOS has established an excellent reputation as an independent depositary. We have been impressed with their management of all aspects of the transition and look forward to working with the team.”
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Contacts for further information:
Bill Prew, CEO, INDOS Financial Limited +44 (0) 203 691 6327
Simon Rostron, Rostron Parry +44 (0) 7802 292 252
About INDOS Financial (www.indosgroup.com)
INDOS Financial specialises in providing independent AIFMD depositary services to alternative investment funds. INDOS was the first FCA authorised AIFMD Depositary in January 2014 and currently provides depositary services to over 50 funds with in excess of $10 bn in assets. Clients include EU and non-EU managers managing a broad range of open and closed ended alternative investment fund strategies ranging from hedge funds, to private equity, real estate and other closed ended funds.
