Arcesium, a post-trade technology and professional services firm, is expanding its strategic partnership with JP Morgan Alternative Investment Services, a provider of independent fund administration and comprehensive outsourcing solutions to hedge funds, hybrid funds, and fund of hedge funds.
End users are now able to have their own technology, their own data model, and integration to inbound and outbound systems while effortlessly connecting to their administrator for NAV calculation and all investor-related services and communications.
“We are putting best-in-class technology in the hands of clients without the operational burden of keeping those systems in synch with those of the administrator,” says David Nable, Arcesium’s Head of Commercial Strategy. “Clients benefit from flexible, modern tools to run their business, while still maintaining the independence of the fund administrator.”
JP Morgan in its partnership with Arcesium as a technology provider, has converted a substantial portion of its Alternative Investment Services business to the new technology platform powered by Arcesium.
“Sophisticated managers have long maintained internal systems, typically in support of front office activities, but more recently, to shadow the activities of their administrator,” says Joan Kehoe, Global Head of JP Morgan Alternative Investment Services. “We have seen opportunities to streamline and automate this two-way information transfer between those records we keep as an administrator and our clients’ systems, a task that has historically been complex due to different applications, data models, sources of information, and timing.”
“We are investing massively in our business, particularly by working with leading technology providers, to offer our clients solutions to their most complex operational and data management challenges,” said Ms. Kehoe. “Our goal is to have all clients live on this new technology platform by year-end 2019, with our global team of professionals operating from a single, unified platform.”
Arcesium’s solutions, including Portfolio Management, Treasury, Shadow Accounting, Reconciliation, Security Master, and Data Warehousing, are delivered independently to JP Morgan hedge fund clients as a tightly integrated and synchronised extension of JP Morgan’s fund administration business.
“We are excited to continue growing Arcesium through our partnership with JP Morgan Alternative Investment Services,” adds Nable.
