Bermuda-based fund administrator Butterfield Fulcrum launched an independent managed accounts platform, called Altinus, which provides segregated and comingled managed accounts across different trading strategies.

The platform offers its users tools for operations, administration, and risk monitoring, Butterfield Fulcrum said in a statement to the press.

“Altinus is the first ever administrator sponsored managed accounts platform, and is based on 10 years of managed account operations experience,” said Akshaya Bhargava, chief executive at Butterfield Fulcrum.

“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 alternative investment asset allocators with hedge fund managers. The independence 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 says.

Butterfield Fulcrum was assisted by MAG Consultancy, the managed accounts platform consultants, on the design and build aspects of the platform. 

Altinus 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.”

Butterfield Fulcrum 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.