EJF Capital (EJF), an alternative investment firm that currently manages approximately USD4.9 billion in assets, has chosen Arcesium’s full service platform for its middle- and back-office needs.
Neal J Wilson, Chief Operating Officer of EJF, says: “We are pleased to engage Arcesium and its technology and services to help EJF perform critical reconciliation, portfolio analytics, performance reporting and treasury management functions.”
“We welcome EJF to the Arcesium platform and look forward to supporting the firm in the effective management of its funds,” says Gaurav Suri, Arcesium CEO. “Having a sophisticated investor like EJF come on board as a customer is a testament to the capabilities of our platform.”
Formerly a part of the DE Shaw group, a global investment and technology development firm, Arcesium is now an independently operated company, combining proprietary software and technology with an experienced team of professionals to deliver comprehensive post-trade support. Arcesium's technology is designed to optimise the daily and monthly middle- and back-office processes of alternative asset managers. Arcesium’s service offering complements its technology platform with exception-driven processes that effectively balance efficiency and control. Arcesium’s software and service offerings can be integrated with the systems of other service providers its clients may use, including those of industry-leading fund administrators. Arcesium currently has more than 550 technology, accounting, and operations staff in its New York and Hyderabad, India offices.
The DE Shaw group and Blackstone Alternative Asset Management (BAAM), the world’s largest discretionary allocator to hedge funds, were Arcesium’s initial clients, and both use the company’s software and services capabilities. Including EJF, Arcesium currently serves clients who manage or administer over $60 billion in alternative assets.