TORONTO, Sept. 10, 2012 /CNW/ - CIBC Mellon has been selected to provide asset servicing solutions for Radin Capital Partners' new Radin Global Opportunities Fund. CIBC Mellon will provide Radin with custody services, fund accounting, unitholder recordkeeping, and real-time access to investment information via CIBC Mellon's Workbench platform. As part of the BNY Mellon Global Network, CIBC Mellon will also support Radin's investments into companies around the world.
"We're very proud to empower the new Radin Global Opportunities Fund with Canada's leading asset servicing technology," said Tom Monahan, president and CEO, CIBC Mellon. "Radin's strong track record and history of outperformance make them a natural fit for our company."
"CIBC Mellon's team demonstrated an exceptional commitment to build a client-focused partnership. They worked with us to create a real solution and identified not only the services that fit our needs, but also those that didn't." said Brad Radin, chief executive officer and chief investment officer, Radin Capital Partners. "Great service coupled with outstanding technology, Canadian-based expertise and global reach through the BNY Mellon global network made CIBC Mellon the clear choice for us."
"It's been a real pleasure working with the Radin team over the past six months to tailor the right selection of services for them," said Charbel Cheaib, Executive Director, Business Development, CIBC Mellon. "I am excited to have played a role in building this winning team, and looking forward to the continued growth of this business relationship."
About Radin Capital Partners
An investment industry veteran, Brad Radin established Radin Capital Partners in 2011 based on the same investment philosophy he began practicing in 1992. Radin Capital Partners is an independent, employee-owned investment management firm founded to provide sophisticated investors with high-performing global equity mandates for their long-term portfolios.
Radin Global Opportunities Fund (launched August 31, 2012) is a value-focused global equity long-short investment portfolio of 30 to 50 small- to mid-capitalization companies from around the globe. The Radin Capital Partners team adheres to a focused, high-conviction investment approach that seeks to produce strong long-term absolute returns.
For more information, visit www.radincapital.com
About CIBC Mellon
CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unitholder recordkeeping, pension services and securities lending, for institutions and corporations. We have over 1,100 people dedicated to supporting more than 1,200 client relationships with Canadian banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. As at June 30, 2012, CIBC Mellon held more than CAD$1.1 trillion of assets under custody and administration on behalf of our clients. CIBC Mellon is headquartered in Toronto, with offices across Canada in Vancouver, Calgary, London, Montreal and Halifax. Founded in 1996, CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce (CIBC) and The Bank of New York Mellon Corporation (BNY Mellon), the world's largest custodian. CIBC Mellon is part of the BNY Mellon network, which as at June 30, 2012 had USD$27.1 trillion in assets under custody and administration, USD$1.3 trillion in assets under management and global payments processed averaging USD$1.4 trillion per day.
CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks.
SOURCE: CIBC Mellon
For further information:
Brent Merriman, corporate communications, CIBC Mellon, 416-643-5000,
Chris Amodeo, partner & senior vice president, sales, Radin Capital Partners, 416-929-6777 [email protected]