Fir Tree Partners, a private investment firm based in New York, has selected Arcesium‘s integrated technology platform and services solution to support its operational model. Arcesium’s platform will provide Fir Tree with a single repository to manage all of its middle and back office workflows, including reconciliation, portfolio analytics, data management, treasury, and cash functions.…
Category: Alts
Apex upgrades ESG offering with new analytics platform
Apex Group, the Bermuda-based financial services provider, has expanded its ESG ratings and advisory service with a new ratings and scoring platform. The portal is designed to deliver ESG insights to private companies and their investors. Apex manages the independent collection of data for investors from their underlying portfolio investments to deliver real-time ESG analytics…
HomeStreet Bank deploys SS&C Precision LM for RE portfolio
HomeStreet Bank has selected SS&C Precision LM to support its commercial real estate portfolio. HomeStreet Bank is a Seattle-based commercial real estate and multifamily lender.
BNY Mellon adds senior talent across asset servicing business
BNY Mellon has made some significant hires across its asset servicing business. Mark McKeon joins as global head of front-to-back solutions, based in Dublin. He is charged with expanding asset servicing’s front-to-back solutions platform globally, connecting the front, middle and back office to deliver a seamless platform for clients. His remit will include OMS partnerships,…
BNY Mellon wins EUR40bn fund admin mandate for Deka Immobilien
BNY Mellon has been appointed by Deka Immobilien, a subsidiary of Germany’s DekaBank, to provide global fund administration coordination and oversight for its special purpose vehicles. Much of Deka’s EUR40bn in real estate assets is invested globally through SPVs. BNY Mellon’s role will be to coordinate accounting data from the SPVs around the world in…
Duff & Phelps launches Super ManCo in Ireland
Duff & Phelps, a U.S.-based provider of governance, risk and transparency solutions, has been authorised by the Central Bank of Ireland as an AIFM and UCITS management company (Super ManCo) in Ireland. The Irish Super ManCo joins Luxembourg as the second hub in Duff & Phelps’ European operations to offer a full portfolio of independent…
Fidinam and Hex Trust partner on digital assets
Fidinam, a Switzerland-based consultancy firm providing corporate tax and accounting services for digital assets, has partnered with Hex Trust, the Hong Kong-based digital asset custodian and infrastructure platform for banks and financial institutions, to enter the digital asset ecosystem. The partnership enables Fidinam to provide digital asset services to their global clients, leveraging Hex Trust’s…
Maples deploys Geneva for Irish AIFM business unit
MPMF Fund Management (Ireland) Limited, the Maples Group‘s alternative investment fund manager and UCITS management company, has launched technology enhancements. MPMF has implemented Advent Geneva, the portfolio accounting system owned by SS&C, to maintain investment books of record. Geneva is a fully integrated multicurrency portfolio accounting system. In addition, MPMF has implemented MSCI Risk Manager…
Ocorian supports sixth PE fund for Pacific Equity Partners
Pacific Equity Partners, an Australia-based private markets fund manager, has closed its sixth core fund with Ocorian, the C.I.-based fund services provider, as administrator. The Cayman-domiciled fund has AUD2.5bn of commitments. Ocorian assisted with the establishment, launch and closings of Fund VI and will continue to provide ongoing support, including administrative, depositary and governance services…
BOCOM Trustee selects SS&C’s Geneva in Hong Kong
Bank of Communications Trustee Limited, a Hong Kong-based trustee subsidiary of China’s Bank of Communications, has selected SS&C’s Geneva, Geneva World Investor, Recon and SS&C’s professional services to assist with workflows. BOCOM Trustee has provided fund administration services in Hong Kong for almost 20 years. Stephen Yeung, chief executive of BOCOM Trustee, said: “The SS&C…