Summary
A decade ago, if a firm ran a shadow book, it was seen as a big shot in the investment management space. Now, however, the emergence of cloud-based technology solutions has widened access to affordable accounting tools purpose built for the investment management industry. This is making shadow accounting — the practice of maintaining a parallel investment and accounting book of record — more accessible, enabling firms to take greater control of their fate and boost trust in data throughout the organization and among the investor community.
James DeAlto
As an Account Manager at Arcesium, James partners with leading firms across the investment management industry to optimize their data and operational strategies and generate long-term value. Leveraging his buy-side experience and deep understanding of the client perspective, he helps investment managers tackle today’s complex and rapidly evolving landscape with precision and confidence.
Sources:
[i] 2024 EY Global Alternative Fund Survey, December 11, 2024. https://www.ey.com/content/dam/ey-unified-site/ey-com/en-gl/insights/wealth-asset-management/documents/ey-gl-ey-global-alternative-fund-survey-12-2024.pdf
[ii] AIMA's Illustrative Questionnaire for the Due Diligence of Investment Managers, March 12, 2025. https://www.aima.org/article/presenting-the-2025-edition.html
[iii] Uncorrelated, May 2025. https://www.uncorrelatedalts.com/articles/the-world-is-changing-hedge-fund-due-diligence-and-risk-management-need-to-change-too
