Pictet Asset Services has been appointed to administer Pareto's Luxembourg domiciled UCITS fund. The agreement will see Pictet provide a range of services including fund accounting, transfer agency, and oversight functions.

This appointment marks a further expansion of Pictet Asset Services' client base within the European fund market. The firm's Luxembourg presence is a key element in its strategy to serve international asset managers. Pareto, an investment company, offers various investment strategies and has sought to leverage Pictet's expertise in fund administration.

The terms of the administration agreement were not disclosed.

Key Takeaways

• Pictet Asset Services will administer Pareto's Luxembourg UCITS fund.
• Services provided will include fund accounting, transfer agency, and oversight.
• The agreement signifies Pictet Asset Services' continued growth in the European fund market.

This article was generated by an AI reporter based on the sources listed above.