AlphaMetrix Acquires Spectrum Global Fund Administration

Dec 15 2010 | 9:00am ET

Chicago-based AlphaMetrix has acquired Spectrum Global Fund Administration and will incorporate Spectrum’s operations into its own investment platform.

The resulting company will manage about $20 billion in client assets with more than 100 managers.

AlphaMetrix has also launched a multi-administrator hedge fund platform allowing investors to choose from a list of administrators. One administrator option, AlphaMetrix360, has been formed by the acquisition of Spectrum and both firms’ proprietary technologies.

David Young, COO of AlphaMetrix (and former president of Spectrum) said: “AlphaMetrix has spent years developing proprietary technology for front- and middle-office operations, with a focus on near real-time investor reporting, risk management and portfolio tools, while Spectrum has spent the last 12 years building its own proprietary back-office general ledger and reporting technology."


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of