Mergers & Acquisitions / Joint Ventures

Milltrust hires InfraHedge for emerging-markets platform


InfraHedge, the managed-account infrastructure platform that is a subsidiary of State Street Corporation, has been chosen by Milltrust International Group for the launch of its emerging-markets managed-accounts platform, a dedicated emerging-markets fund-management platform housed within a single-custodian relationship.

The Milltrust platform, called EMMA PLC, will select investment managers in high-growth emerging markets and has been promoted by Milltrust International as a Dublin-based UCITS umbrella fund. The fund has launched with three sub funds managed by Bank Itau, BTG Pactual and Value Partners, focusing on Brazil, Latin America and Greater China respectively.

“Milltrust wanted the freedom to work with