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2yrs ago Hedge Fund hedgeweek Views: 780

Arcesium launches new performance allocations product for hedge funds and private equity

Submitted 09/06/2021 - 2:25pm

Arcesium, a global financial technology and professional services firm, has launched PerformASM, a performance allocations product designed to simplify the investor accounting process and reduce the risks, costs, and manual errors associated with typical spreadsheet-based fund accounting. PerformA is tailored for different client types, including hedge funds, fund administrators, and private equity firms.

"Having developed and refined our performance allocations technology closely with a small group of strategic clients over a number of years, we are excited to bring PerformA to the broader market – not only our core hedge fund and fund administration customers, but also private equity funds, where we see significant need for such a solution," says Gaurav Suri, CEO of Arcesium. 

"For years, the financial services industry has relied principally on Excel for its investor accounting processes, despite investing heavily in advancing its technology to support other areas of the business. This has changed over the last year as the industry has demonstrated growing demand for technology solutions across the spectrum of post-investment processes," says David Nable, Arcesium's Head of Client & Partner Development. "Given the range of firms interested in an automated solution for performance allocations, PerformA is a natural extension of our strategy." 

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