Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Butterfield Fulcrum launches managed accounts platform Altinus

Thursday, February 18, 2010
Opalesque Industry Update - Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has today launched Altinus, an independent, Managed Accounts Platform that provides segregated and comingled managed accounts with a common set of tools for operations, administration and risk monitoring. The platform represents the next generation for managed accounts, providing an advanced operational and technological infrastructure that complements the investment management services provided by an asset allocator.

“Altinus is the first ever administrator sponsored Managed Accounts Platform, and is based on 10 years of managed account operations experience,” said Akshaya Bhargava, Butterfield Fulcrum's CEO. “It is designed to eliminate service and fee duplication by allowing allocators to determine investment allocation, while enhancing their portfolio management through robust, daily operational and risk monitoring and leading-edge analytical tools.”

Altinus connects the communities of alternative investment asset allocators with high quality hedge fund managers, providing an accessible and cost-effective solution for investment through Managed Accounts. The independence and neutrality of the platform will appeal to a wide range of Allocators and Managers whose requirements are currently not being met by the market.

Butterfield Fulcrum was assisted by MAG Consultancy on the design and build aspects of the platform. “Considering the large number of asset allocators looking to utilize Managed Accounts as a method of resolving the governance issues that were so harshly exposed during 2008, it has become increasingly clear that the Administrators are very well placed to be the sponsors of a new breed of more efficient Managed Account Platform,” said John Godden, Managing Partner at MAG Consultancy. “We are delighted to be associated with the Altinus Platform and see it as moving the game on significantly with its marriage of leading-edge technology, institutional quality governance and real independence.”

The Altinus solution comes with pre-selected, top tier service providers. The common architecture for legal, audit, custody and administration, plus extensive availability of prime brokers to match the flagship fund, dramatically reduces implementation time and cost, and allows for rapid deployment of capital and on boarding of managers.

“We have listened to our client base of over 700 funds and invested considerably in a platform that addresses what we believe to be a long-term structural change in the industry,” said Jill Considine, Butterfield Fulcrum’s Chairman. “We believe Altinus will transform the way both allocators and managers are able to access managed accounts.” Corporate website: www.bfgl.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius

  5. Big hedge funds tighten grip amid consolidation[more]

    From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment. Firms with more than $1 billion in hedge fund A