Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The technology vendor’s vantage point: bye bye Excel, hello transparency and new generation of fund managers

Wednesday, July 21, 2010

Benedicte Gravrand, Opalesque London:

Advent Software, a technology provider headquartered in San Francisco with fingers on the hedge fund industry’s pulses (mainly hedge fund managers, fund administrators and prime brokers) has seen a lot of traction in the U.S. as well as in Europe - especially since the end of 2008.

The reason for that has predominantly been an increasing need for infrastructure, Chris Cattermole, Advent’s EMEA sales manager told Opalesque in a recent interview in Advent’s London offices. As indeed, hedge funds are having to build out more operational efficiency and cater for due diligence demands from the new institutional investors.

“Hedge funds are really trying to reduce their use of Excel spread-sheets, trying to focus on automation and making sure that they have an efficient operational environment, as well as procedures that would appeal to the end investors,” he said.

Bye bye Excel Before 2008, institutional investors’ operational due diligence process used to be a check-box exercise with questions like ‘what asset classes do you trade’, ‘which investments do you do’, ‘what is your staff’s experience,’ according to Cattermole. Now, due diligence is more assertive and asks questions such as ‘do you invest in swaps’, ‘how do you track them’, ‘how do you track the financing behind the swaps’, ‘what systems and what expertise and what intellectual property do you have in operations to cater for those asset cla......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider