DE Shaw, BAAM Partner to Found Post-Trade Technology Firm

New joint company Arcesium to be led be DE Shaw's Suri

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J Tomilson Hill, Blackstone Alternative Asset Management

DE Shaw, a quantitative hedge fund group with $36 billion in assets under management, and BAAM, the world's largest fund-of-funds with $64 billion under management, say the new fully-hosted platform will offer security master maintenance, trade capture and asset servicing, treasury, pricing, and portfolio data warehousing.

The technology for Arcesium is based off of DE Shaw's current platform, and has been refined over the years to suit new asset classes, fund structures, collateral and pricing