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Alternative Market Briefing

J.P. Morgan makes strategic investment in tech company for alternatives

Monday, January 20, 2020

Laxman Pai, Opalesque Asia:

J.P. Morgan has taken an equity stake in Arcesium, an investment-management technology business that D.E. Shaw & Co. launched as an independent company in 2015.

New York-based Arcesium LLC is an investment management technology and services firm, offering services in post-trade activities.

Quant hedge fund giant D. E. Shaw group launched Arcesium as an independent company in 2015 with additional equity backing from Blackstone Alternative Asset Management LP (BAAM), the world's largest discretionary allocator to hedge funds, which became the firm's second client.

The investment will build on Arcesium's existing client relationship with J.P. Morgan, including its securities services business, which provides fund administration and outsourcing to asset managers and allocators.

Terms of the investment were not disclosed.

"This investment and collaboration underscore J.P. Morgan's continued focus in the alternatives segment," said Teresa Heitsenrether, Global Head of Securities Services, J.P. Morgan.

"The combination of J.P. Morgan's Securities Services and Arcesium's innovative technology is driving more scalable solutions to our clients. Through its partnership with Arcesium as a technology provider, J.P. Morgan has offered its alternative asset manager clients solutions to their most complex operations and data management challenges," Teresa added.

"J.P. Morgan is an industry leader in Securities Services and......................

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