Latest Client Brings Arcesium’s Platform to Over $65 Billion in Alternative Assets under Administration
NEW YORK — Arcesium LLC (“Arcesium”), a technology and services company that provides comprehensive post-trade solutions for alternative asset managers, today announced that Balyasny Asset Management L.P. (“Balyasny”), an investment management firm with approximately $13 billion in assets as of December, 2016, has gone live on Arcesium’s platform for its middle- and back-office operations.
“Welcoming a firm of Balyasny’s caliber and sophistication to the Arcesium platform is a major milestone and we are excited to deploy our technology and services to support the firm’s post-trade activities,” said Gaurav Suri, Arcesium CEO. “We look forward to our partnership with Balyasny as we continue to develop a solution that we believe is at the vanguard of the industry’s future.”
Arcesium combines proprietary software, technology, and an experienced team of professionals to deliver complete post-trade support. Its technology is designed to optimize the daily and monthly middle- and back-office processes of alternative asset managers, while its service offering complements the technology platform with exception-driven processes designed to effectively balance efficiency and control. Arcesium’s software and service offerings can be integrated with the systems of other service providers its clients may use, including those of industry-leading fund administrators. Arcesium currently has more than 600 technology, accounting, and operations staff in its New York and Hyderabad, India offices.
Arcesium was launched as an independently operated company by the D. E. Shaw group, a global investment and technology development firm. The D. E. Shaw group and Blackstone Alternative Asset Management LP, the world’s largest discretionary allocator to hedge funds, were Arcesium’s initial clients, and both utilize the company’s software and services capabilities. Including Balyasny, Arcesium currently serves clients who manage or administer over $65 billion in alternative assets, up from approximately $40
billion following the company’s launch in 2015.
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 $65 billion in assets from a number of leading hedge funds, with a staff of over 600 software development, accounting, operations, and treasury professionals worldwide.
By providing cutting-edge technology, automation, and security, Arcesium enables clients’ operations, accounting, treasury, and enterprise data management teams to achieve unparalleled results.
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