The banking software company Temenos is selling its fund administration software business Multifonds to Montagu Private Equity for approximately $400 million including an earnout, as part of Temenos’ initiative to streamline its offerings, officials say. The Multifonds executive management team has invested in the company to be overseen by Montagu, officials add. Temenos’s headquarters are… Read More >>
AB Bolsters Funds Data Ops via Expansion Project
Asset manager AllianceBernstein has expanded its usage of BBH Infomediary Data Solutions across its fund operations to achieve data consistency, better production cycle times, customized data tagging, and improved data transparency, officials say. BBH Infomediary Data Solutions, a part of the private bank Brown Brothers Harriman & Co. (BBH), offers data integration and connectivity services…. Read More >>
Why One-Size-Fits-All IT Usually Fails
(Editor’s note: Kevin Carter has been a frequent speaker at FTF conferences in his capacity as chief technology officer (CTO) for Dialectic Capital Management. He served as CTO from 2010 to 2016. Carter reports that he has since founded Mesh Networking, a buy-side IT and operations consulting firm. Previously, Carter worked as a field technician… Read More >>
