Tue, Jan 27, 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 - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r