UMB Fund Services launches proprietary transfer agency business processing solution for hedge funds
UMB Fund Services has further expanded its servicing capabilities with the launch of the Alternative Investment Communication Engine (ACE), a proprietary business process and content management solution.
ACE will be used in providing transfer agency services for the growing number of alternative investment asset managers with registered hedge funds that are serviced from UMBFS’ Milwaukee headquarters.
UMBFS worked closely with SunGard to develop ACE. The solution leverages business process management to automate processing and achieve seamless integration between the UMBFS registered hedge funds business system and SunGard’s Asset Arena Transfer Agency platform. The result is a proprietary solution tailored to meet the specific servicing needs of UMBFS’ alternative investment clients.
ACE incorporates SunGard’s Infinity Process Platform from Asset Arena Transfer Agency, as well as Asset Arena Transfer Agency’s enterprise reporting, document repository, and data repository. It helps UMBFS to deliver:
Increased efficiency and improved accuracy through single input of investor information and subscription/tender transactions into UMBFS’ investor recordkeeping and transaction systems, combined with automated cash management.
Automated delivery to clients of intraday status reports on investor transactions. UMBFS’ clients now have secure access to the solution’s web portal, where they can view and download subscription and tender status reports anytime, anywhere.
“Registered hedge funds are a significant and growing segment of our clientele, so it’s important that we invest in this business and prepare for continued growth,” says Maureen Quill (pictured), executive vice president of investor services for UMBFS. “Our collaboration with SunGard has resulted in a dynamic platform that positions us well to provide the outstanding service our clients expect from us.”
“Asset servicers such as UMBFS are seeing more institutional allocations go to alternative investments,” says Mark Judah, senior vice president and managing director of SunGard’s Asset Arena Transfer Agency business unit. “To take advantage of this growth opportunity and stay ahead of demand, they require robust business process and content management solutions that help deliver greater operational efficiency and control.”