UMB Fund Services has launched a transfer agency service dubbed Alternative Investment Communication Engine for it growing number of registered hedge fund clients and potential clients.
UMBFS worked closely with SunGard to develop ACE, which incorporates SunGard’s Infinity Process Platform from Asset Arena Transfer Agency, as well as Asset Arena Transfer Agency’s enterprise reporting, document repository, and data repository.
“Registered hedge funds are a significant and growing segment of our clientele, so it’s important that we invest in this business and prepare for continued growth,” stated Maureen Quill, executive vice president of investor services for UMBFS.
“Asset servicers such as UMBFS are seeing more institutional allocations go to alternative investments,” stated Mark Judah, senior vice president and managing director of SunGard’s Asset Arena Transfer Agency business unit. “To take advantage of this growth opportunity and stay ahead of demand, they require robust business process and content management solutions that help deliver greater operational efficiency and control.”