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Valverde Investment Partners Appoints Northern Trust to Provide Asset Servicing Solutions for its VCC Fund

SINGAPORE, July 02, 2024–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) today announced that it has been appointed by Valverde Investment Partners Pte Ltd. (Valverde) to provide custody, fund administration, foreign exchange and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF).

Valverde is a newly established, Singapore-based, independent investment management firm specializing in ASEAN equities. The VCC launch and its sub-fund, Valverde ASEAN+ Fund (VAPF), represent Valverde’s goal of achieving long-term absolute returns, primarily composed of public traded equities within ASEAN companies.

“We have seen VCC funds continue to grow in popularity since the scheme was first launched in 2020, and we are delighted to work with Valverde as they embark on their first VCC,” said Yen Leng Ong, Country Executive,…

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