Thu, Oct 30, 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. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  2. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  3. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  4. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t

  5. Hedge funds fell 1.18% in September on Fed tightening and ECB loosening[more]

    Komfie Manalo, Opalesque Asia: Hedge funds fell 1.18% in September on Fed tightening and loosening of the European Central Bank’s policy on equity markets, according to the Barclay Hedge Fund Index co