Merchant Capital, the independent corporate finance and investment management firm, has migrated its UCITS umbrella to Point Nine’s Circle.2 platform of live middle and back office services.

 
The firm chose Point Nine’s Circle platform for the launch of its UCITS umbrella last year. A new release, Circle.2, provides live and cloud-enabled trade reconciliation and settlements reporting for the first time, allowing fund managers to view key information such as counterparty exposures and settlement reports in real-time. Point Nine has also supported Merchant Capital’s recent move to a new fund administrator.
 
Chris Day, Director of Merchant Capital, says: “Having run a multi-billion dollar, multi-fund platform before, we recognised the value of the Point Nine model in terms of cost, scalability and robustness. Prior to partnering with Point Nine, we knew that the management of the technology infrastructure plus the accompanying personnel represented a serious challenge. Our UCITS umbrella is now supported by a fully flexible and scalable architecture, without an internal IT footprint. Our recent move to a new fund administrator happened seamlessly thanks to Point Nine.”
 
Ambasuthan Jananayagam, Partner at Point Nine, says: “A UCITS umbrella demonstrates the numerous advantages of our approach to SaaS delivered services. With no business interruption, we have successfully migrated Merchant Capital to our live Circle.2 platform, whilst simultaneously supporting their move to a new fund administrator. Funds running internal infrastructure would potentially have spent more on these two projects alone than the value of our entire operations outsourcing contract with Merchant Capital.”
 
Circle.2 interfaces with all third party vendors and their respective systems for seamless automated straight-through processing of most daily tasks. Trades are processed, tracked and reported via encrypted channels, which clients access through a secure internet browser to view, manage and fully analyse their portfolios.
 
Point Nine facilitates trade capture, reconciliation and settlement support across a comprehensive range of asset classes including equities, bonds, FX, commodities, rates, loans and alternatives – vanilla, exotic, exchange traded and OTC.