LONDON, 02 February 2021 – Coremont, a leading provider of portfolio management technology and outsourced services to investment managers, and Carne Group, the largest third-party fund management company in the world, are pleased to announce the launch of Coremont Investment Fund.
Coremont Investment Fund is a UCITS-compliant SICAV, incorporated in Luxembourg, providing investment managers a cost-effective gateway to raising assets from institutions globally. The platform combines Coremont’s seasoned expertise in operationally supporting UCITS strategies across all alternative strategies and styles, with Carne’s longstanding pedigree as a Management Company operator in Luxembourg. The platform currently hosts fixed income and equity managers who actively employ derivatives in their investment strategies.
Jev Mehmet, Chief Executive Officer at Coremont said. “The Coremont Investment Fund further extends our range of front to back services for investment managers and gives our clients the opportunity to diversify into new and exciting distribution markets. Our partnership with Carne underscores our commitment to delivering the institutional standards of governance demanded in the UCITS marketplace.”
Pascal Dufour, Carne’s Country Head Luxembourg commented: “We are delighted that Coremont has chosen Carne as the Management Company for the launch of its Coremont Investment Fund. Today’s announcement is the result of a long-standing collaboration between Carne and Coremont and will enable investment managers to bring new funds to market faster and at a lower cost.”
Coremont is an FCA-regulated financial services firm which was spun out from Brevan Howard in early 2018. With offices in London, Connecticut and Hong Kong, Coremont employs over 170 people and supports over $50bn of AUM. Coremont provides web-based portfolio management technology and outsourced services across all investment management and trading functions, including quantitative support, risk analysis, operations, treasury and regulatory reporting. For more information, visit Coremont’s website at www.coremont.com.
Carne is the leading digitally driven industry platform for the Global Asset Management Industry and the largest third-party fund management company in the world. Carne is trusted by the world’s leading asset managers, insurance companies, pension funds and wealth managers to manage their governance, compliance, regulatory and substance requirements.
Carne provides governance and substance services and solutions for assets of more than $1 trillion in AUM. Established in 2004, Carne has a diversified list of 550+ clients and employs more than 350 people across 8 countries globally. Its command and control technology platform, CORR (Compliance, Oversight, Risk & Reporting), provides risk and technology driven solutions for investment funds with $2 trillion in AUM. www.carnegroup.com