Global financial technology firm Arcesium has launched Aquata, an out-of-the-box data platform, aimed at helping hedge funds, private markets investors, institutional asset managers, custodians, administrators, and prime brokers to better access and manage their investment data.

Alter Domus a provider of integrated solutions for the alternative investment industry has selected EZOPS, a provider of AI-enabled data control, workflow automation, and a regulatory reporting platform, to help with its digital transformation of reconciliation operations, business workflow and process automation across their firm.

Emso Asset Management Limited, an alternative asset manager with USD6.8 billion in assets under management, has gone live on SS&C Technologies' new Treasury Management Platform.

DASH Financial Technologies (DASH), a US options technology and execution provider, has launched DASH OMS, a newly redesigned order management system (OMS) built specifically for traders with options-centric workflows.

Numis, an independent UK investment bank and corporate adviser has extended its use of the cloud-based Torstone Post Trade platform, to manage its obligations under the Central Securities Depositories Regulation (CSDR).

Using managed services, and co-sourcing arrangements, will not be suitable for all fund managers. It will always depend on the individual manager’s circumstances: How new is the business? How big is the team? What are the long-term objectives? 

To avoid the strain on in-house back-office teams, fund managers have, in recent years, increasingly turned to cloud-enabled hosting and managed services to support their operations. 

Another key operational challenge facing managers is keeping on top of what can often become numerous legal entities, as they build out their investment programmes in private credit. This might involve setting up workflow processes that span both closed-ended and open-ended funds, SMAs, funds-of-one, SPVs and hybrid fund structures; all for a single, overarching investment strategy. 

The global private credit market has experienced significant growth in recent times. At the start of last year there were 436 private credit funds in the marketplace. By October 2020, that number had risen to 520, according to the Financial Times, as investors sought out alternative yield opportunities in response to the surge in public equity and debt markets. The yield on 10-year Treasuries fell to 0.53 per cent at the start of August last year, and while this has crept up to 1.32 per cent (at the time of writing), it hasn’t assuaged investor fears. 

The Citco group of companies (Citco) has enhanced its Citco Data Services platform to enable clients to receive data directly via their own cloud provider.