The latest technology developments, product launches and business developments in and around the world's wealth management sector.

UK-based investment data and analytics firm Accelex and Denmark-listed tech firm SimCorp have partnered to provide solutions for investors in alternative assets such as private equity and hedge funds.  

There are already joint clients in Europe and North America, the firms said. 

The businesses say their resources help investors manage the chore of digesting complex documents.

Such partnerships come at a time when interest in alternative investments continues to grow in the global wealth management sector because they offer superior returns. Typically less liquid than listed equities and government bonds, alternative investments can be harder to monitor for performance and returns.

“The collaboration between our firms makes so much sense. Sophisticated alternative investors are striving to rid their firms of labour intensive, manual processes and focus their time on making a difference to the investment process itself,” Michael Aldridge, president at Accelex, said. “Being able to effectively digitise the workflow from unstructured documents into SimCorp gives our clients huge advantages in operational efficiency as well as a better understanding of the drivers of investment performance.”