After Awful Year for Hedge Launches, an ‘Anxious’ Rebound: Fund Admin

The Next Era of Outsourcing – Alpha FMC

An article from Alpha FMC outlines how outsourcing has become an increasingly important strategic direction for investment managers.

STP Shortlisted for Best Fund Administration Service

STP is thrilled to announce that we have been shortlisted for the 2025 Private Asset Management Awards for Best Fund Administration Services recognizing STP as one of the best in the private wealth management community.

Now in its 21st year, the Private Asset Management Awards honor outstanding achievements in the US private wealth management space. For over two decades, these Awards have provided a platform for top investment professionals, wealth advisors, legal firms, consultants, and other key service providers operating within the sector to showcase their accomplishments.

Pimco Adopts AI Agents

Pimco has developed artificial intelligence capabilities, including “AI agents” to reduce errors occurring in back-office processes – and the fixed income giant hopes other industry firms will embrace its approach.

 The nearly $2 trillion asset manager teamed up with fintech shop OnCorps AI to build algorithms that detect accounting, trading and other operational errors in the reconciliation process. OnCorps uses algorithms, large language models and “AI agents” to identify and explain errors or other unresolved issues to portfolio managers and analysts via a ChatGPT-like messaging system as well as text and email, OnCorps CEO Bob Suh told FundFire.

AI agents are a form of Agentic AI – a relatively new type of artificial intelligence that builds upon generative AI, in that it can make decisions independently without relying on human prompts.

The industry will be watching how Pimco’s partnership with OnCorps shakes out, Jim Lewis, STP Investment Services‘ head of technology, told FundFire.

“This is going to be a very interesting test of the market to see if it is ready for an algo-as-a-service,” he said. “If this gets some traction, what it leads to could be way more interesting than where it started.”

Read what Jim and other subject matter experts had to say in FundFire here.

Drug Cartels. Terrorists. Russian Oligarchs. Money Laundering Risks Go ‘Way Beyond’ Fincen’s AML Rule

Traditional and private fund managers not only face growing money-laundering risks, they also need to ensure they are complying with fragmented anti-money laundering regulations in different regions, consultants said.