Butterfield Fulcrum, an alternative fund administration company, has launched a managed accounts platform that provides segregated and commingled managed accounts with a common set of tools for operations, administration and risk monitoring.
The platform, called Altinus, aims to provide an advanced operational and technological infrastructure that complements the investment management services provided by an asset allocator.
"Altinus is the first ever administrator sponsored managed accounts platform, and is based on ten years of managed account operations experience," says Akshaya Bhargava (pictured), Butterfield Fulcrum's chief executive. "It is designed to eliminate service and fee duplication by allowing allocators to determine investment allocation, while enhancing their portfolio management through robust, daily operational and risk monitoring and leading-edge analytical tools."
Altinus connects the communities of alternative investment asset allocators with hedge fund managers, providing an accessible solution for investment through managed accounts.
Butterfield Fulcrum was assisted by MAG Consultancy on the design and build aspects of the platform.
"Considering the large number of asset allocators looking to utilise managed accounts as a method of resolving the governance issues that were so harshly exposed during 2008, it has become increasingly clear that the administrators are very well placed to be the sponsors of a new breed of more efficient managed account platform," says John Godden, managing partner at MAG Consultancy. "We are delighted to be associated with the Altinus platform and see it as moving the game on significantly with its marriage of leading-edge technology, institutional quality governance and real independence."