Ranking the Vendors of Hedge Fund Investor Accounting Technology 2009

March 27, 2009
Vendor Reviews
North America

Abstract

New York, NY, USA March 27, 2009

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.  

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

New York, NY, USA March 27, 2009

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.  

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