Aria Structured Investments, the Luxembourg-domiciled boutique asset manager, has become the latest firm to put funds on the fast-growing Calastone mutual fund network.

First on will be its Aria Protected Funds.

“Luxembourg is one of the key asset management centres and a leading location for global fund distribution. We are committed to extending our growth in this region to become the cross-border transaction network of choice for the entire mutual fund industry, regardless of geographic location or size of fund manager, provider, and distributor or transfer agent,” Kevin Lee, managing director of Calastone, said.

Firms are linking to Calastone’s network in their droves, typically citing the opportunity to remove manual order entry processing as the driver behind their decision. Through being able to send transactions and orders electronically they aim to reduce costs and risk, and also gain a real-time view of order acceptances/rejections and pricing information. 

Other firms recently connected to Calastone are Deutsche Bank Private Weatlh Management UK, Aviva, JO Hambro Capital Management and F&C Asset Management.