thewealthnet     About Us    |    FAQs    |    Contact Us
  Advanced Search       RSS Feed  twitter  linkedin 
Welcome to thewealthnet    |   Europe, Middle East & Africa Get The App   |   Login
  Mon 2nd Mar 2015  |    Make this my homepage  
Subscribe now!
Credit Cards Accepted
World Map
Bedell Trust to provide depositary services from London and Jersey
01/08/2014 , News Team

Jersey-based Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK alternative investment funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office.

Bedell Trust has also received regulatory approval from the Jersey Financial Services Commission (JFSC) to provide depositary services from its Jersey office to all JFSC regulatory categories of investment funds.

Bedell Trust is now able to provide full depositary services covering cash flow monitoring, safekeeping, and oversight responsibility to unregulated collective investment undertakings, specifically closed-ended AIFs of alternative investment fund managers (AIFMs) pursuing private equity, real estate, infrastructure, and fund of funds investment strategies.

Philip Bolton, a director at Bedell, said: "Working with a number of clients, we are delighted to have received this recognition. For some time, we have been working behind the scenes to develop our depositary services, which despite the fact that the underlying services are very much prescribed in the AIFMD, we feel that the unique way in which we deliver these services, coupled with our transparent technology solution, really sets us apart from the competition.

"The development of our depositary services was built on our extensive experience in the alternative investment industry, spanning over 20 years, through the provision of leading fund administration services to private equity, real estate and infrastructure funds."

Bedell Trust has over £25 billion of client assets under administration.

Poor   Average   Good   Excellent
thewealthnet archives contain 40,105 articles dating back to 1997,making it the largest single source of information on the wealth management industry world-wide. To search for more articles, please click here.


© This article originally featured on thewealthnet. It is protected by international copyright law. If you copy this article illegally, you will be liable to prosecution. All rights in and relating to this article are expressly reserved. No part of this article may be reproduced, stored in a retrieval system or transmitted in any form or by any means without written permission from the publishers.

    Latest Headlines:    by Topic | All News
  Advertise   |   Contribute   |   Press Release   |   Terms of Use   |   Privacy   |   Contact Us Copyright Pam Insight Ltd., All Rights Reserved