Alternative asset manager Capricorn Capital Group has gone live with financial technology provider Cymba Technologies’ Athena Investment Management Solution (IMS), according to a Cymba statement.
Capricorn invested in the IMS, which supports the order management, pre- and post-trade compliance, trading, operations and execution functions, in order to launch a new fund compatible with the Undertakings for Collective Investment in Transferable Securities (UCITS) directive in Europe, according to the statement.
The Athena IMS will also provide a platform for Capricorn to support its existing funds through its end-to-end, audited, connected and controlled front office workflow “in the areas of investment decision, electronic trading and straight through processing (STP)” to outsourced fund accounting platforms, according to the statement.
The Athena IMS provides integration with multiple fund administration platforms for different strategies, and will allow Capricorn to tweak its architecture as necessary to accommodate future regulatory conditions.
The firm researched “existing platforms that would be suitable for our desire to launch new strategies, enabling us to operate within the regularity landscape efficiently,” says Darryl Noik, chief operating officer at Capricorn, in a statement.
“Also of paramount importance to Capricorn was the ability to migrate existing strategies to the new platform, enable electronic trading and future proof the organization to changes across the operational environments,” Noik says.
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