Fund platform Cofunds has introduced an institutional services business that serves discretionary man...
Fund platform Cofunds has introduced an institutional services business that serves discretionary managers and private client stockbrokers. The service will streamline processes for dealing and settlements across the funds market after Cofunds experienced demand for investment funds. However, many faced operational difficulties when trying to administrate the vehicles. Cofunds’ Stephen Mohan said: “The problem they face is that dealing and settlement for investment funds is entirely different from the securities markets. Those responsible for portfolios which contain securities and inves...
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