State Street Corporation has been appointed by Marketfield Asset Management to provide depositary, fund administration, regulatory reporting, risk reporting and liquidity monitoring services for their Marketfield Dublin Fund.
The fund, which previously existed as a Cayman Islands registered fund, has been redomiciled to Ireland as a Qualified Investor Alternative Investment Fund (QIAIF), making it available in Europe under AIFMD, and is one of the first new AIFs authorized in Ireland under AIFMD.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Michael Shaoul, chairman and CEO of Marketfield Asset Management said: "Our decision to redomicile our fund to Europe under the new AIFMD regime was consistent with our mission to provide a liquid transparent portfolio that operates in a widely respected regulatory environment. As a result we required the services of an administrator with a high degree of competence who would be comfortable operating under close regulatory scrutiny while calculating the fund’s NAV on a daily basis. We are very comfortable with our choice of State Street in Dublin to fulfil this crucial role."
Susan Dargan, executive vice president and head of State Street global services in Ireland, said: "We are delighted to provide Marketfield with a comprehensive suite of services to assist them in meeting the requirements of AIFMD. We will provide a depositary solution which gives oversight, cash monitoring, safekeeping and ownership verification services, in addition to regulatory reporting on assets, risk management and liquidity monitoring."
A recent State Street study revealed that alternative asset managers are rethinking the way they collect and report on data. Two out of five alternative asset managers said that tools to manage regulation in multiple jurisdictions will be a key priority for their data strategy over the next three years.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
