U.S. Bancorp Announces New U.S. Bancorp Global Funds Brand
Business Wire•29/10/2026•04:00 ET
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Key Highlights
- ➤U.S. Bancorp launches Global Funds platform to support its growing international presence
- ➤First offering is Ireland-domiciled U.S. Treasury-focused offshore liquidity fund
- ➤Fund targets non-U.S. investors seeking capital preservation through a regulated UCITS structure
- ➤U.S. Bancorp Asset Management reports more than $425 billion in assets under management
- ➤Carne Group selected as designated management company for the new fund
Expert Statements
Eric Thole, CEO of U.S. Bancorp Asset Management
“The launch of this fund is an important step in bringing our liquidity management expertise to investors outside the United States. Combined with the introduction of U.S. Bancorp Global Funds, it establishes a foundation for expanding our investment capabilities and serving a broader range of investors globally.”
Patrick O’Brien, Head of Business Development, Ireland at Carne Group
“We are delighted to have been selected by U.S. Bancorp to act as the designated management company for its new fund. We look forward to bringing our multi-jurisdictional expertise and specialist governance, oversight and infrastructure to this partnership and supporting U.S. Bancorp’s ambitious plans to expanding its European footprint.”
The platform also introduces its first offshore liquidity fund, domiciled in Ireland
U.S. Bancorp today announced its new fund platform, U.S. Bancorp Global Funds, and its first offering, an offshore liquidity fund domiciled in Ireland, the U.S. Bancorp Liquidity – USD Treasury CNAV Fund.
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