15.08.2011 Opalesque Exclusive: The evolution of the hedge fund back office is a challenge for many managers
From Kirsten Bischoff, Opalesque New York:

It is difficult to believe that as recently as five years ago, many hedge funds were still tracking portfolio information on Excel spreadsheets. The very idea of it is so surprising that even the phrase is tossed about with incredulity (especially by anyone who has crashed a server hitting the update button on an intricate, massively-linked spreads

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