Case Study: CastleKnight achieves a rapid launch and scalable end-to-end trading operations with Enfusion

How the partners at CastleKnight Management LP ensured they had the right platform to manage their event-driven / special situations strategy

CastleKnight, an event-driven/special situations investment manager headquartered in New York with $455 million AUM (as of March 1, 2022), needed a single, scalable platform to launch quickly with a small team and to trade opportunistically across multiple asset classes during the pandemic. After evaluating several providers, CastleKnight selected Enfusion and its Portfolio Management System, Order and Execution Management System, plus Middle- and Back‑Office Managed Services to provide an integrated trading, accounting, and operations stack.

Enfusion implemented a fully integrated OMS/EMS with a general ledger, T+1 reconciliation, enhanced bank-debt processing, and managed middle-/back‑office services, enabling CastleKnight to “trade everything” (warrants, preferreds, options, bonds, bank debt) around the clock and operate seamlessly while remote. The Enfusion partnership allowed CastleKnight to launch in October 2020, maintain uninterrupted trading and settlements through COVID-19, reduce operational ramp time, and support the firm’s $455M in AUM with streamlined workflows and outsourced operational capacity.

CastleKnight

Chris Sullivan

Chief Operating Officer