Arcesium is expanding its investment platform to cover the end-to-end lifecycle following its first acquisition.
The financial technology firm has acquired portfolio and order management systems provider Limina, which will be combined with its middle- and back-office solutions to offer an end-to-end, multi-asset investment platform.
The acquisition follows a December partnership with FactSet to offer front, middle, and back office asset management workflow integration.
Designed for asset managers, asset owners and hedge funds, the new platform will remove issues of legacy fragmentation and connect siloed data, the firm states.
Gaurav Suri, Arcesium CEO, commented, “With the addition of Limina’s front-office solutions, Arcesium will expand its global client relationships, providing investment firms with the integrated technology they need to scale their strategies amid increasing market complexity.”
Arcesium is backed by the D. E. Shaw group and Blackstone Alternative Asset Management (BAAM), and its clients include JP Morgan and Balyasny Asset Management. The company reports that it services more than US$5.3 trillion in gross assets under management.
Limina’s team will join Arcesium and contribute to ongoing product development. CEO Kristoffer Fürst will report to Arcesium’s president of product and technology Bryan Dougherty.
Arcesium intends for the acquisition to strengthen its global presence, particularly in Europe, and drive overall growth. Last month, the company opened a Hong Kong office to support regional client demand.
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