The trade life cycle, which forms the backbone of all hedge fund operations, can be broadly categorized into start-of-day positions, trade capture, trade allocation and trade reporting. Each of these areas, however, comes with its own set of challenges that automation can help solve, as described below. Read More
Following the pandemic and market volatility that ensued in its earlier days, private debt assets have hit new highs with total AUM reaching $887 billion as of June 2020 . To address this immense growth, however, deal/fund structures – along with operations and technology – have become far more complex, especially for those creative deals that have been designed to align with higher risk tolerance.
As managers continue to seek ways to improve their business continuity after COVID-19 drastically uprooted the workplace, many have turned their focus toward accelerating their digital transformation using a data governance solution. In the realm of data management, buy-side firms are making significant inroads by leveraging digital-first providers to propel themselves further up the data maturity curve and along in their journey.
There are a multitude of source systems that are used by front, middle and back-office teams in buy side firms. For the purpose of portfolio accounting, one of the most popular systems that is used is SS&C’s Advent Geneva, which allows funds to build their entire accounting book of records (ABOR) by feeding investments and reference data directly into the system.