UK based investment management firm Metropolis Capital has selected Maitland, the global advisory and fund administrator, to provide Authorised Corporate Director (ACD) and fund administration services to the MI Metropolis Valuefund.
Metropolis Capital, who specialise in unconstrained, high conviction, global equity investment, appointed Maitland following a comprehensive review of the ACD and fund administration market. The fund is now over £100 million AUM and has top decile performance in its sector.
The fund’s goal is to generate long term capital gains through investment in a portfolio of carefully selected listed companies.
Richard Meyrick, Head of Client Services and Distribution at Metropolis Capital, said: "We are delighted to partner with Maitland. Following an extensive review of the independent ACD and fund administration market, Maitland was the clear winner. From our initial discussion, followed by the transition of the fund from our previous ACD to our ongoing day-to-day service, the relationship has felt like an extension of our own team.”
Patric Foley-Brickley, Head of Institutional Business Development at Maitland, added: “This partnership with Metropolis is another leap forward in terms of Maitland’s success working with high performing investment managers. Maitland is extremely pleased to have been selected by Metropolis as the ACD and Fund Administrator to this well respected and rapidly growing fund.”