Hedge Funds

JPMorgan invests in DE Shaw hedge fund tech spin-off

The US bank has had a partnership deal with Arcesium since 2017

JPMorgan has invested in alternatives technology provider Arcesium, a spin-off from the quantitative hedge fund DE Shaw, in a deal that extends the collaboration between the two firms in providing services to hedge funds and other asset managers.

The US bank has had a partnership deal with Arcesium since 2017, and credits the New York-based tech platform with helping it to grow its alternatives administration business “substantially”.

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