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Milltrust International to use InfraHedge for Emerging Market managed account platform

Tuesday, August 14, 2012
Opalesque Industry Update - InfraHedge, a managed account infrastructure platform and a subsidiary of State Street Corporation, has announced that it has been chosen by Milltrust International Group for the launch of its Emerging Markets Managed Accounts (EMMA plc) platform, a dedicated emerging markets fund management platform housed within a single custodian relationship.

EMMA plc selects best of breed investment managers in high-growth emerging markets and has been promoted by Milltrust International as a Dublin-based UCITS umbrella fund. The fund has launched with three sub funds managed by Bank Itau, BTG Pactual and Value Partners, focusing on Brazil, Latin America and Greater China respectively. “Milltrust wanted the freedom to work with the managers of their choice and deploy capital through an institutional-standard, UCITS-compliant infrastructure that could handle investments in BRIC markets and provide detailed daily risk analytics,” said Akshaya Bhargava, CEO of InfraHedge.

“The flexibility of our platform infrastructure and our ability to work with multiple fund managers dealing in multiple markets made InfraHedge an ideal fit. We are delighted to have been chosen to help Milltrust create a truly innovative investment platform for their clients.”

“The Milltrust proposition is based on careful selection of high-quality managers operating on the ground in high-growth markets, and is offered to investors though a single-custody managed account infrastructure that meets the rigorous requirements of the UCITS directives,” said Simon Hopkins, CEO of Milltrust International Group.

“Our aim is to offer an alternative to the single manager Global Emerging Markets Funds that today dominate emerging markets investing. We found the integrated nature of the InfraHedge offering compelling as it seamlessly combines custody, fund administration and investor services across multiple accounts within a single platform, providing the strong transparency and governance services that our investors expect from a managed account structure.”

About InfraHedge Ltd.
InfraHedge, a subsidiary of financial services leader State Street Corporation, launched its platform in mid-2011 with an investor-centric business model that allows institutional investors to set up managed account platforms to their own specification and design. By allowing institutional investors to take decisions on manager selection and asset allocation, InfraHedge effectively separates asset management from infrastructure services making its solution highly customisable and cost effective for investors.

InfraHedge services are integrated with administration, custody and other services provided by State Street. InfraHedge is headquartered in UK and authorised and regulated by the FSA.

About Milltrust International Group
Milltrust International Group (Singapore) Pte Ltd. is a group holding company for the group's operating companies, which include Milltrust International LLP, authorised and regulated by the Financial Services Authority of the United Kingdom, and its wholly owned subsidiary Milltrust International (Singapore) Pte Ltd, a company that operates in Singapore under the exemption provisions of the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10).

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