Fir Tree taps D.E. Shaw-backed Arcesium

Fir Tree Partners chose Arcesium’s technology platform and services solution to support the $2.86 billion hedge fund firm’s operational model.

Specifically, the technology will address critical reconciliation, portfolio analytics, data management, treasury and cash settlement functions.

According to Arcesium, the platform provides Fir Tree with a single repository to manage all of their middle- and back-office workflows and unlocks efficiencies for staff and streamlines operational processes.

Don McCarthy, co-chief operating officer and chief financial officer at Fir Tree said that Arcesium was the first provider to recognize the . . .

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