Butterfield Fulcrum Launches Altinus The Next Generation Managed Accounts Platform

LONDON, Feb. 18 /PRNewswire/ -- 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 commingled 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."

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About Altinus

Altinus is a Managed Accounts Platform that provides segregated and co-mingled managed accounts across multiple trading strategies with a common set of tools for operations, administration, and risk monitoring.  Altinus is the first ever administrator sponsored Managed Accounts Platform.  It is based on 10 years of managed account operations experience.

About Butterfield Fulcrum

Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has 20 years experience servicing the alternative investment industry.  It provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds.  The company has a unique Global Operations Model leveraging time zones and talent to deliver transparent and highly customized solutions in real time via BFonline, a client access Web portal.  Headquartered in Bermuda, the company services more than 700 funds and has 10 offices in eight countries.  For more information, please visit www.bfgl.com.

SOURCE Butterfield Fulcrum