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2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
2011 Hedge Fund Operations & Technology Benchmark Study
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2011 Hedge Fund Operations & Technology Benchmark Study

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Eze Castle Integration presents the results of its 2011 Hedge Fund Operations & Technology Benchmark Study.

Eze Castle Integration presents the results of its 2011 Hedge Fund Operations & Technology Benchmark Study.

Published in: Economy & Finance
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  • 1. Hedge Fund Operations & Technology2011 Benchmark Study<br />
  • 2. Agenda<br />Survey Methodology<br />Respondent Profile<br />AUM<br />Offices/Employees<br />Investment Strategy<br />Prime Brokers <br />Data Findings<br />Front Office <br />Middle & Back Office<br />What does this all mean?<br />
  • 3. Survey Methodology<br />223 Total Respondents<br />Alternative Investment Firms<br />Hedge Funds<br />Private Equity<br />Fund of Funds<br />Venture Capital<br />Surveys completed in 2nd half of 2010<br />
  • 4. Respondent Profile<br />
  • 5. Respondent Profile<br />Of firms who indicated they used a multi-strategy approach, 56% said they used Equity (L/S) as one of their strategies. <br />The second most common strategy used was Fixed Income (22%), followed by Credit and Private Equity (17%), Distressed Securities and Quant (12%), and Arbitrage and Emerging Markets (7%).<br />Top Four Secondary Prime Brokers:<br />Goldman Sachs<br />Morgan Stanley<br />JP Morgan<br />Credit Suisse<br />
  • 6. Data Findings<br />
  • 7. Front Office<br />OMS<br />Market Data Vendors<br />Market Analytics<br />Research & Document Management<br />
  • 8. Front Office: Order Management System<br />ConvergEx’sEze OMS, Bloomberg OMS and Advent’s Moxy most commonly used<br />Others:<br /><ul><li> BTIG OMS
  • 9. Calypso
  • 10. Charles River
  • 11. DMAXX
  • 12. Fidelity
  • 13. First Derivatives
  • 14. Fiserve
  • 15. Flextrader
  • 16. InstaQuote
  • 17. Linedata
  • 18. McGregor
  • 19. Merlin OMS
  • 20. Neovest
  • 21. Night Direct
  • 22. Portware
  • 23. RediPlus
  • 24. Proprietary System</li></li></ul><li>Front Office: Market Data Vendors<br />Respondents were allowed to select multiple vendors.<br />30% of firms with Bloomberg also had Thomson Reuters<br />Others:<br /><ul><li> Factset
  • 25. NYSE
  • 26. Fund Data
  • 27. Wombat</li></li></ul><li>Front Office: Market Analytics<br />43% of respondents used multiple analytics tools<br />Top combinations were Bloomberg & Capital IQ, Bloomberg & Thomson Reuters<br />
  • 28. Front Office: Market Analytics<br />Bloomberg, Capital IQ, Thomson Reuters and Factset are most commonly used<br />Others:<br /><ul><li> The Street
  • 29. Markets.com
  • 30. BarraOne
  • 31. JP Morgan
  • 32. Edgar Online
  • 33. Hub.com
  • 34. Partners Research
  • 35. Debtwire
  • 36. Morningstar</li></li></ul><li>Front Office: Research & Doc Management<br />Code Red and Tamale RMS products emerging as ‘leaders’ and increasingly replacing in-house solutions<br />
  • 37. Middle & Back Office<br />Portfolio Accounting<br />Risk Management<br />Investor Relationship Management<br />Email Archiving<br />Instant Messaging<br />Mobile Devices<br />
  • 38. Middle & Back Office: Portfolio Accounting<br />Others:<br /><ul><li> Calypso
  • 39. E-file Cabinet
  • 40. Fortis
  • 41. FundManager
  • 42. Gravity Financial
  • 43. Ledgex
  • 44. Northern Trust
  • 45. Proprietary/In-House
  • 46. Tradar </li></li></ul><li>Middle & Back Office: Risk Management<br />Others:<br /><ul><li> Barra One
  • 47. Bloomberg
  • 48. Factset
  • 49. Fund Manager
  • 50. GlobeOp
  • 51. MATLAB
  • 52. Merlin
  • 53. Murex
  • 54. SunGard</li></ul>Note: Some respondents provided multiple answers.<br />
  • 55. Middle & Back Office: Investor Relationship Management<br />Others:<br /><ul><li> Code Red
  • 56. Fund Manager
  • 57. Fundrunner
  • 58. Ledgex
  • 59. Microsoft
  • 60. PerTrac
  • 61. Sage SalesLogix
  • 62. Satuit
  • 63. The Next Round (TNR)</li></li></ul><li>Middle & Back Office: Email Archiving<br />Dodd-Frank requires archiving, driving increased adoption<br />Global Relay most commonly used vendor<br />Others:<br /><ul><li> Advisor Mail
  • 64. FrontBridge
  • 65. i365
  • 66. Intradyn
  • 67. Message One
  • 68. Seccas
  • 69. Smarsh</li></li></ul><li>Middle & Back Office: Instant Messaging<br />Of the firms who indicated they used Instant Messaging, 25% listed more than 1 vendor<br />Others:<br /><ul><li> Google Chat
  • 70. IMTrader
  • 71. Pigeon
  • 72. Pod
  • 73. Reuters Messaging
  • 74. Trillian
  • 75. Windows Live Messenger</li></li></ul><li>Middle & Back Office: Mobile Technology<br />Of the firms that listed the use of mobile devices, 8% indicated they used more than 1 provider<br />
  • 76. Final Thoughts<br />Dodd-Frank Implications<br />Increased Focus on Investor Transparency<br />Continued Diversity in the Marketplace<br />
  • 77. Eze Castle Integration Overview<br />
  • 78. 260 Franklin Street, 12th floor Boston, MA 02110 617-217-3000 www.eci.com<br />

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