Newest Client Brings Arcesium’s Platform to Over $60 Billion in Alternative Assets under Administration
NEW YORK — Arcesium LLC (“Arcesium”), a technology and services company that provides middle- and back-office technology and services to alternative asset managers, today announced that EJF Capital LLC (“EJF”), an alternative investment firm that currently manages approximately $4.9 billion (as of April 30, 2016) in assets, has chosen Arcesium’s full service platform for its middle- and back-office needs.
Neal J. Wilson, Chief Operating Officer of EJF, said, “We are pleased to engage Arcesium and its technology and services to help EJF perform critical reconciliation, portfolio analytics, performance reporting and treasury management functions.”
“We welcome EJF to the Arcesium platform and look forward to supporting the firm in the effective management of its funds,” said Gaurav Suri, Arcesium CEO. “Having a sophisticated investor like EJF come on board as a customer is a testament to the capabilities of our platform.”
Formerly a part of the D. E. Shaw group, a global investment and technology development firm, Arcesium is now an independently operated company, combining proprietary software and technology with an experienced team of professionals to deliver comprehensive post-trade support. Arcesium’s technology is designed to optimize the daily and monthly middle- and back-office processes of alternative asset managers. Arcesium’s service offering complements its technology platform with exception-driven processes that 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 550 technology, accounting, and operations staff in its New York and Hyderabad, India offices.
The D. E. Shaw group and Blackstone Alternative Asset Management (BAAM), the world’s largest discretionary allocator to hedge funds, were Arcesium’s initial clients, and both use the company’s software and services capabilities. Including EJF, Arcesium currently serves clients who manage or administer over $60 billion in alternative assets.
About EJF Capital LLC
EJF is an employee-owned alternative asset management firm headquartered outside of Washington, DC. EJF manages approximately $4.9 billion (as of April 30, 2016) across a diverse group of alternative asset strategies. EJF was founded in 2005 by Manny Friedman and Neal Wilson, along with a small team of professionals from Friedman, Billings, Ramsey Group, Inc. EJF currently employs approximately 70 professionals across three offices globally (Arlington, VA, London, England and Shanghai, China).
About Arcesium LLC
Arcesium is a technology and services company that provides asset managers with software and service solutions for their post-trade activities. Its fully hosted technology platform offers asset managers sophisticated post-trade support for the various activities of the trade lifecycle — including security master maintenance, trade capture, asset servicing, treasury functions, pricing-related services, and portfolio data warehousing — in a highly automated and secure manner. Arcesium, which was launched as an independent company in early 2015 by D. E. Shaw & Co., L.P. and Blackstone Alternative Asset Management L.P., currently has more than 550 technology, accounting, and operations staff in its New York and Hyderabad, India offices. For current and additional information about Arcesium, please visit www.arcesium.com and be sure to follow us on LinkedIn.
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