Arcesium’s Middle Office Technology and Services Create Bespoke SaaS Offering for Sophisticated Hedge Fund Managers
NEW YORK – Arcesium, a post-trade technology and professional services firm, is expanding its strategic partnership with J.P. Morgan Alternative Investment Services, a provider of independent fund administration and comprehensive outsourcing solutions to hedge funds, hybrid funds, and fund of hedge funds, using a first-of-its-kind technology platform. End users are now able to have their own technology, their own data model, and integration to inbound and outbound systems while effortlessly connecting to their administrator for NAV calculation and all investor-related services and communications.
“We are putting best-in-class technology in the hands of clients without the operational burden of keeping those systems in synch with those of the administrator,” said David Nable, Arcesium’s Head of Commercial Strategy. “Clients benefit from flexible, modern tools to run their business, while still maintaining the independence of the fund administrator.”
J.P. Morgan in its partnership with Arcesium as a technology provider, has converted a substantial portion of its Alternative Investment Services business to the new technology platform powered by Arcesium.
“Sophisticated managers have long maintained internal systems, typically in support of front office activities, but more recently, to shadow the activities of their administrator,” said Joan Kehoe, Global Head of J.P. Morgan Alternative Investment Services. “We have seen opportunities to streamline and automate this two-way information transfer between those records we keep as an administrator and our clients’ systems, a task that has historically been complex due to different applications, data models, sources of information, and timing.”
“We are investing massively in our business, particularly by working with leading technology providers, to offer our clients solutions to their most complex operational and data management challenges,” said Ms. Kehoe. “Our goal is to have all clients live on this new technology platform by year-end 2019, with our global team of professionals operating from a single, unified platform.”
Arcesium’s solutions, including Portfolio Management, Treasury, Shadow Accounting, Reconciliation, Security Master, and Data Warehousing, are delivered independently to J.P. Morgan hedge fund clients as a tightly integrated and synchronized extension of J.P. Morgan’s fund administration business.
“We are excited to continue growing Arcesium through our partnership with J.P. Morgan Alternative Investment Services,” added Mr. Nable.
About Arcesium LLC
Arcesium is a post-trade technology and professional services firm. Arcesium’s fully-hosted technology platform, coupled with its team of experienced hedge fund professionals, offers sophisticated solutions for the most complex post-trade challenges facing asset managers.
Built on a platform developed for its own post-trade activities, the D. E. Shaw group launched Arcesium as an independent company in 2015 with additional equity backing from Blackstone Alternative Asset Management LP, the world’s largest discretionary allocator to hedge funds, who became the firm’s second client.
Since its launch, Arcesium has grown to support more than $100 billion in assets from a number of leading firms, with a staff of over 700 software development, accounting, operations, and treasury professionals worldwide.
By providing cutting-edge technology, automation, and security, Arcesium’s platform is designed to enable clients’ operations, accounting, treasury, and enterprise data management teams to achieve unparalleled results.
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