Mon, Aug 31, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner