RBC Dexia Investor Services has been selected by Advent Capital Management to provide custody, fund administration and shareholder services for a specialised investment fund in Luxembourg.

Advent Capital Management is a US-based investment management company that specialises in convertible, high yield and equity strategies offered through long only, hedge-fund and NYSE closed-end mutual fund products.

"RBC Dexia's solid reputation and extensive experience in servicing convertible bond funds made the selection for what was best for our company pretty simple," says Bob White, chief financial officer of Advent Capital Management. "Successfully launching a fund is one thing, successfully servicing the fund is integral to the growth and continued success of the fund over the long term. We look forward to a mutually beneficial relationship with RBC Dexia."

Advent recently launched the Global Phoenix Convertible Strategy in a Sicav-SIF Luxembourg mutual funds format.

"This is an important win for RBC Dexia and we are excited to be working with one of New York's most respected investment management companies," says Laurent Vanderweyen, managing director, Luxembourg for RBC Dexia Investor Services. "We are eager to put our comprehensive experience in the European market to work for Advent Capital Management and welcome the opportunity to strengthen our relationship as the new fund continues to grow."