As institutional investors increasingly turn to alternative investments, hedge funds' assets continue to mushroom. As a result, hedge fund executives increasingly see technology as a critical business enabler, particularly in the middle office, a recent Aite Group survey reveals.
According to the 20 hedge fund executives polled by the Boston-based advisory firm, technology investments aimed at improving operations are top priorities for 2008. Among the hedge funds' goals are improving automation around OTC derivatives, adding collateral management technology, exerting better control over prime brokerage charges and rates, improving access to data and reporting capabilities, and enhancing automation to boost efficiency and reduce errors.
Source URL:http://www.wallstreetandtech.com/showArticle.jhtml?articleID=207200116
Publish Date: April 11,2008
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