Hill Country Asset Management has chosen to deploy global fintech Arcesium’s joint offering with JPMorgan’s Securities Services.
Through their existing strategic partnership, Arcesium and JPMorgan will address Hill Country’s middle office, back office, and fund administration needs with a seamlessly integrated solution. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and JPMorgan will act as Hill Country’s fund administrator. Arcesium and JPMorgan formed their partnership in 2018 to deliver an offering to a wide range of potential financial services clients, from new launches to established firms.
“We believe we have now found a solution that is comprehensive and allows us to add immediate scale to our business. We are confident the joint solution provided by Arcesium and JPMorgan will allow us to focus on higher business issues and strategies,” says Jim Hansen, Chief Operating Officer of Hill Country Asset Management.
Based just outside of Austin in Dripping Springs, Texas, the alternative asset manager had been seeking to scale middle- and back-office functions quickly. This solution created through the strategic partnership of Arcesium and JPMorgan is designed to support trading from launch, allowing Hill Country to maintain a small technology and operations team as they capitalise on their growth and vision.
“We are thrilled to support such a high-profile fund launch with a scalable solution that is designed to address Hill Country’s most complex investment lifecycle challenges,” says David Nable, Arcesium’s Head of Client and Partner Development. “This engagement with Hill Country further highlights the value of our partnership with JPMorgan, and opens up a broader world of possibility.”
“Collaborating with technological innovators, such as Arcesium, allows us to provide investment managers like Hill Country with access to a turnkey solution for fund administration that improves the overall client experience and provides a robust outsourcing model,” says Kevin Mulkins, Head of Product Management for Hedge Fund Services at JPMorgan.