- Why Calastone?
River & Mercantile Asset Management LLP (R&M) the boutique investment fund provider has today signed an agreement to make its funds available on the cross-border global Calastone transaction network. Calastone offers electronic order routing between fund buyers and fund managers in the format of their choice and provides automated net settlement through trade order matching regardless of size, location or technology preference.
Connectivity to Calastone’s automated transaction and messaging network will provide R&M with straight-through-processing (STP) through a single connection, reaping immediate advantages in cross-border access to distributors and aggregators. Calastone’s tailored configuration approach means R&M will enjoy the advantages of cost and risk reduction throughout the entire mutual fund transaction process including settlement and business flow process automation.
Commenting on River & Mercantile Asset Management LLP’s decision to connect to Calastone, Alexander Hofmann, Director of Sales, at Calastone said, “We welcome R&M as the latest in a growing number of fund providers enjoying lower costs, increased global reach and full STP. Firms continue to appreciate that irrespective of their size, location or preferred messaging format, they immediately future proof their technology by becoming ISO 20022 compliant, reaping the benefits of STP and business process. R&M’s decision to select Calastone for their funds distribution is growing evidence of our firms’ ability to help an ever-lengthening list of international counterparties transact their open architecture funds”.
Julian Cripps, Chief Operating Officer at River & Mercantile Asset Management LLP added, “We are committed to growing our client’s returns whilst keeping technology investment to a minimum. Connectivity to Calastone’s automated solution helps us to increase operational efficiency and reduce risk and enables us to pass on any associated savings to our end-users. Calastone’s SWIFT BIC hosting service means we can now benefit from SWIFT network connectivity free of charge using Calastone’s existing SWIFT infrastructure”.