Fund Manager Gravis selects Northern Trust for administration of its UK Open-Ended Investment Company (OEIC) series
Gravis Advisory Limited, a UK-based investment management firm, has appointed Northern Trust as its asset servicing partner for their Open-Ended Investment Company (OEIC) fund range in the UK. This partnership will see Northern Trust provide a comprehensive suite of services, including fund administration, global custody, depositary services, transfer agency, and outsourced trading through Integrated Trading Solutions.
The Gravis OEIC fund range focuses on listed UK infrastructure, clean energy, listed UK real estate investment trusts, and digital infrastructure. Gravis' strategy is centred around infrastructure, real estate, and private credit investments, with the objective of generating dependable cash flows and long-term predictable income for investors. This strategy includes targeting sectors that can be challenging for many investors to access, such as renewable energy generation, logistics, data centres, hospitals, schools, and student accommodation.
Gravis has made significant investments in these areas, capitalising on undervalued assets like UK REITs trading at significant discounts to net asset value, which historically have led to strong returns. This strategy is exemplified by their VT Gravis UK Listed Property (PAIF) Fund, which outperformed the broader UK REIT sector.
Northern Trust's role in supporting Gravis is to deliver essential back-office functions and facilitate growth. Their solutions, which include optimising clients' trading, delivering post-trade reporting, valuation, and investor servicing, help Gravis enhance efficiency, resilience, oversight, and control across their operating models.
Morag Law, head of Legal and Operations at Gravis, stated that Northern Trust's significant presence in the UK funds industry, comprehensive solution set, and cultural fit with Gravis were reasons for the appointment. Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, expressed excitement about supporting Gravis' approach to helping investors access infrastructure and related asset classes.
By partnering with Northern Trust, Gravis aims to scale its infrastructure and real estate investments effectively while ensuring compliance and operational efficiency. This partnership will enable Gravis to continue providing investors with steady returns through their OEIC funds.
[1] Gravis Advisory Limited - About Us. (n.d.). Retrieved from https://www.gravisadvisory.co.uk/about-us/
[2] Gravis Advisory Limited - Investment Strategy. (n.d.). Retrieved from https://www.gravisadvisory.co.uk/investment-strategy/
[3] Northern Trust - Asset Servicing. (n.d.). Retrieved from https://www.northerntrust.com/uk/en/asset-servicing
[4] Gravis Advisory Limited - VT Gravis UK Listed Property (PAIF) Fund. (n.d.). Retrieved from https://www.gravisadvisory.co.uk/funds/vt-gravis-uk-listed-property-paif-fund/
[5] Northern Trust - Gravis Advisory Limited. (n.d.). Retrieved from https://www.northerntrust.com/uk/en/asset-servicing/gravis-advisory-limited
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