Arcesium, a post-trade technology and professional services firm, has boosted its third party administration offering through its partnership with J.P. Morgan Alternative Investment Services.
In its partnership with Arcesium as a technology provider, a substantial portion of J.P. Morgan’s Alternative Investment Services business has been converted to the new technology platform powered by Arcesium.
According to Arcesium, end users are now able to have their own technology, their own data model, and integration to inbound and outbound services.
They will have access to this while connecting to their administrator for net asset value (NAV) calculation and all investor-related services and communications.
Meanwhile, Arcesium’s solutions are delivered independently to J.P. Morgan hedge fund clients as a tightly integrated and synchronised extension of J.P. Morgan’s fund administration business.
David Nable, Arcesium's head of commercial strategy, commented: “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.”
"Clients benefit from flexible, modern tools to run their business, while still maintaining the independence of the fund administrator. We are excited to continue growing Arcesium through our partnership with J.P. Morgan Alternative Investment Services.”
Joan Kehoe, global head of J.P. Morgan Alternative Investment Services, said: “Sophisticated managers have long maintained internal systems, typically in support of front office activities, but more recently, to shadow the activities of their administrator.”
“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.”
Kehoe added: "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.”
“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."
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