Boston Partners appoints FundRock for management company solutions
FundRock Management Company, a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), today announces its appointment, following a competitive process, by Boston Partners to provide ManCo Services. The first of a series of planned sub-funds will launch on the ever growing Irish FundRock UCITS Platform I ICAV.
Boston Partners is a global value investor with assets under management of $79 billion across 18 investment strategies. FundRock will provide Boston Partners with ManCo services via its Irish UCITS Platform. Delivery of these solutions will be underpinned by technology from global fund administration software PFS Paxus, which recently became part of Apex Group.
FundRock enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo and, complemented by a wide range of fund administration, depositary and custody services delivered through parent company Apex Group.
As of November, 30 2022, FundRock is one of the largest ManCos in Europe, overseeing more than 1,200 funds with a total of €222.3 billion in assets under management. The FundRock Group has more than 500 experts in 12 key jurisdictions globally.
This latest mandate win for FundRock follows a wider trend of non-European Union based managers and the Boards of Irish self-managed funds, partnering with established institutional third-party management companies. With significant substance and technology, FundRock can help funds to deliver resource and cost efficiencies and to meet their resourcing requirements in a post-CP86 and Brexit environment.
Barry O’Brien, Head of Funds, Ireland at FundRock comments: “Platforms continue to be an efficient and expedient gateway to market in Europe and when combined with our active distribution capability, this provides a compelling solution for managers. We look forward to working with Boston Partners to enable them to distribute their funds and navigate the increasingly complex regulatory requirements of cross-border fund distribution.”
FundRock Management Company is a leading independent UCITS management company and AIFM investment fund manager headquartered in Luxembourg. It is a subsidiary of Apex Group. As of November 30, 2022, more than 500 employees of the companies under the FundRock brand* oversaw more than 1,200 funds with a total of €222.3 billion in assets under management in 12 countries. (* including FundRock, FundRock LIS and FundRock LRI).
Antonia Powell | firstname.lastname@example.org
About Boston Partners
Boston Partners is a premier provider of value equity investment products that are ﬁrmly grounded in fundamental research and are based on a disciplined investment philosophy and process which has been in place since the founding of the firm. Boston Partners is focused on investing in companies with attractive value characteristics and strong business fundamentals, where there is a catalyst for positive change. Boston Partners manages a range of investment products including Long/Short Equity and Long only Equity in the US, Global, International (EAFE) and Emerging Markets.