Ranking the Vendors of Hedge Fund Investor Accounting Technology 2009
Abstract
Ranking the Vendors of Hedge Fund Investor Accounting Technology 2009
Investor accounting platforms have become a software category of enormous appeal to hedge funds, fund of funds and hedge fund administrators. While currently contracting, the market for such technology is poised to return strongly.
With both greater numbers of investors and transactions as well as a different breed of clients, a spreadsheet model-based approach to investor accounting is often no longer adequate. Moreover, fund structures and fee arrangements have grown more complex and, hence, have raised the sophistication now required to perform this function in an accurate, consistent and timely fashion.
In a new report, Ranking the Vendors of Hedge Fund Investor Accounting Technology 2009, Celent examines and evaluates the software options available for accessing hedge fund investor accounting functionality. The following 10 vendors are included: Advent Software, Backstop Solutions, Digital Shape Technologies, Fi-Tek, Infonic AG, Koger Inc., Linedata Services, Pacific Fund Systems, SS&C, and SunGard.
"The market is poised to contract in 2009 and 2010 as a result of widespread retrenchment in hedge funds’ and fund of funds’ IT expenditures. Beginning in 2011, however, there may well be a growth story to write," says Isabel Schauerte, Celent analyst and author of the report. "Hedge funds, confronted with more demanding investors and changing fee structures, will seek to automate the often cumbersome processes involved in investor accounting. This is particularly true for fund of funds which still have some catch-up to play in terms of technology adoption," she adds.
This 72-page report contains 13 figures and 16 tables. A table of contents is available online.
Members of Celent's Capital Markets research service can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information.