[ S P E C I A L F E A T U R E | I N N O V A T I O N ]
Arcesium
Arcesium was spun out of DE Shaw Group , a global investment manager with around $ 25.8 billion in hedge fund assets in 2015 and provides treasury , data management , portfolio accounting and other services to hedge funds . The fintech first appeared on Global Custodian ’ s radar when it struck a deal with JP Morgan in 2017 to provide middle- and back-office software to support the bank ’ s administration platform . This deal would go on to evolve in the years to come as the two firms then extended their partnership in October 2018 , when Arcesium created a bespoke offering for fund managers on JP Morgan ’ s platform . Those advances allowed end-users to have their own technology , data model and integration to inbound and outbound systems , while connecting to their administrator for NAV calculation and all investorrelated services and communications . After years of working together , the bank then took a stake in Arcesium in January 2020 . Since then , the mandates and expansions have kept coming . Notable deals have seen Arcesium ’ s tech adopted by the likes of Hill Country Asset Management , Broad Reach Investment Management and Fir Tree Partners . The tech provider has also opened offices in London , Bangalore and Delhi NCR . Working with its partners , Arcesium has been refining its products and launching new offerings . In June last year , the group launched a
ELEVATOR PITCH
Arcesium designs advanced data , operations , and analytics capabilities for the financial services industry . Our consultative approach , cloud-native technology , and deep domain expertise help our clients achieve transformational business outcomes . new performance allocations tool designed to streamline and reduce fund accounting risks . The new PerformA tool aims to simplify the investor accounting process and reduce the risks , costs and manual errors associated with typical spreadsheetbased fund accounting . PerformA moved Arcesium solidly into the private equity space , expanding from its typical focus on hedge funds and fund administrators , though the solution is tailored for various client types . One of its more recent deals was with State Street Fund Connect , a global trading and analytics platform , whereby Arcesium and Fund Connect will introduce new capabilities to provide mutual clients with a consolidated view of their cash portfolios and a single point of access to multiple markets and fund providers . With the support of Arcesium ’ s Treasury Suite , the integration is designed to streamline workflows for the companies ’ mutual clients . As a result , users can manage cash and payments within one ecosystem , interact with global digital liquidity networks for short-term investments , and reduce operational overhead .
Notable partners and collaborators : JP Morgan , State Street
Fall 2022 globalcustodian . com 29