Irish Ucits Cullen adopts Calastone solution
Cullen Funds plc, an Irish Ucits, has signed up to use Calastone’s order routing service for its range of mutual funds.
The sub funds are managed by Cullen, baed in New York City, and include the Cullen North American High Dividend Value Equity, and Cullen Global High Dividend Value Equity funds.
Calastone’s system enables fund providers to send and receive order messages regardless of which underlying technology they currently use. It does this by standardising all messages into a single format – ISO 20022 – to facilitate automation of order routing.