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Alternative Market Briefing

Hedge funds increasingly utilise data warehousing at a higher level of thought

Friday, November 18, 2011

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Marshall Saffer
By Beverly Chandler, Opalesque London:

The new requirements of the Dodd-Frank Act and other developments in regulation globally have brought new business to the hedge funds data solution firm MIK Fund Solutions.

The firm was launched in 2007 and numbers 35 multi-billion dollar hedge funds of all strategy types as its client base. Marshall Saffer, COO of MIK Fund Solutions, explains: "The bucket that we put ourselves in is a data warehouse but that’s not what we are about – we have an enabling solution to build systems that will support returns."

While there is no specific legal requirement for a data warehouse service at any hedge fund at the moment, Saffer believes that it using a platform can facilitate the data part of a business beyond what a prime broker can offer.

"We have been at the right place at the right time" he says. "We are getting a lot of business because of Dodd-Frank, but it has also opened up hedge fund managers’ eyes that the use of information and the act of aggregating data in any one place is an academic exercise but the real value of working with hedge funds, once the plumbing is in place, is how the firm wants to utilise this data to help manage their business. That’s where the value is."

. Saffer explains that the MIK solution means that, unlike other firms, they take the data and marry it to the investment thesis.

"There are larger issues" says Saffer. "Fundamentally if we were two lon......................

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