Investment funds

Alter Domus partners with Canoe Intelligence

Through its partnership with Canoe Intelligence, Alter Domus continues to expand in the US. (Photo: Romain Gamba/Maison Moderne)

Through its partnership with Canoe Intelligence, Alter Domus continues to expand in the US. (Photo: Romain Gamba/Maison Moderne)

Alter Domus and Canoe Intelligence have partnered to deliver an innovative data automation, management and exploitation solution to the alternative investment industry.

Luxembourg-based Alter Domus, which specialises in services to the financial sector in general and the alternative segment in particular, is continuing to expand in the US. After two acquisitions in the funds sector, making it one of the three largest service providers in the field of alternative investments with $1.3tn in assets under administration, the firm has signed a partnership agreement with Canoe Intelligence, a fintech specialising in data management processes for institutional investors, asset managers and financial sector service companies.

The aim of this partnership is to provide Alter Domus’ clients with an automated data management solution that preserves the quality of their data and facilitates its exploitation, a solution that is intended to be “the most complete on the market”.

Strategic partnership

“We are delighted with our strategic partnership with Canoe and look forward to delivering our combined data management solution to alternative investors. It will change the way data is consumed by professionals,” said Jared Broadbent, head of fund services for North America at Alter Domus, in a statement.

“This partnership with Canoe is exciting for us and builds on the technology infrastructure we have developed in-house. We are combining Canoe’s tools with our own data management tools to provide a state-of-the-art data solution. We are proud to partner with market leaders to deliver technology solutions to the industry and look forward to bringing these benefits and efficiencies to our customers,” said Darren O'Banion, CTO at Alter Domus.

Using artificial intelligence

Canoe Intelligence, a company founded in 2018, is developing an AI-driven data capture and management solution, leveraging its shared client experience as well as a database aggregating data from 14,000 active funds across different asset classes and enabling the rapid creation of relevant and actionable data.

“We are proud to partner with a leading player like Alter Domus. The combination of Canoe’s automated technology and Alter Domus’ data management services will give alternative investors the best of both worlds when it comes to managing their documents and data,” said Jason Eiswerth, CEO of Canoe Intelligence.

This story was first published in French on Paperjam. It has been translated and edited for Delano.