| THE 2006 ALPHA AWARDS | |
| 现在有空 | 介绍 |
| 现在有空 | 主要经纪人 |
| 现在有空 | 行政 |
| 现在有空 | 法律 - 离岸和陆上 |
| 现在有空 | Accounting |
| 现在有空 | 技术 |
| 现在有空 | Methodology |
| 现在有空 | Hedge Fund 100's Favorite |
| 现在有空 | 由服务方面的顶级公司 |
用户,按k这里查看获奖者。不是订阅者？现在订阅to view the winners of the Alpha Awards.
对冲基金通过投资策略生活和死亡，但他们无法在没有技术的情况下生存。他们需要技术来启动和运行，他们需要它来管理他们的业务的大多数方面 - 从确定哪些职位对管理投资者订阅的回报贡献最多。
较小的对冲基金依赖于其主要经纪人的主要技术要求。但随着资金管理更多资金和分支的新战略和资产课程，他们的技术需要更加复杂。作为一家公司增加了第二次主要经纪人 - 大多数对冲基金一旦他们在资产中有几亿美元 - 它开始转移到其主要经纪人的技术。突然间，在组合上跨越多个Prime经纪商的数据或计算实时P＆L并不是那么简单。
To make the technology decision-making process easier for hedge fund managers, we have expanded our Alpha Awardsª survey of hedge fund service providers to include four major technology areas: investor relations management, portfolio management and accounting, risk management and trade order management. In each category we asked hedge funds and funds of hedge funds to tell us which services and features are most important to them and how their current technology providers rate in each of those areas.
一些广泛的结果脱颖而出。对冲基金对提供商将供应商系统与他们使用的其他技术和系统集成的能力巨大重视。在贸易秩序管理中，我们调查的对冲基金说，整合他们与其他系统的平台的能力比交流交流的广度和提供商可以提供的其他交易场所更为重要。在投资组合管理中，集成比性能测量更高估。令人惊讶的是，鉴于强调自动化和集成，客户支持排名为每个类别中的四个属性之一。
Hedge funds also prize flexibility. They know that today’s investment strategies may not be the ones that make money for them tomorrow. Take swaps, structured finance and credit derivatives, which used to be the stomping ground only of niche hedge funds.
“现在异国情调的衍生品是更多的面包和黄油，几乎每个对冲基金都具有这种能力，”纽约的风险型集团的首席市场战略家Ron Papanek表示，在风险管理中排名第一。“如果资金今天没有交易它们，他们将在未来准备并准备将它们交易。”这意味着技术提供者必须能够与他们的对冲基金客户增长，以支持新的企业和策略。
对冲基金也是技术采购商的侵略性，使他们成为一个有价值的客户来源。“对冲基金在感知到申请中获得的实际价值时，”马萨诸塞州的研究和咨询公司Towergroup的Securities和Investments集团的高级分析师Matthew Nelson Matthew Nelson说。
对冲基金自豪地享受风险 - 通常计算 - 追求更好的回报。其中一个风险并没有最好的技术。“我们经常看到对冲基金投资和购买系统，我们甚至没有听说过，”纳尔逊说。“许多资金都讨论了创新曲线。”
如果有任何技术对对冲基金比投资组合管理和会计系统更重要。管理人员需要他们在实时查看和管理他们的投资组合。如果他们无法衡量他们的策略在资金或账户中的策略如何，他们无法自信地评估他们的投资决策。提供其投资组合分析的数据必须准确且与其他系统的数据同步。
As hedge funds expand into new strategies, some are deciding to outsource their operations and portfolio management platforms, says William Keunen, global director of New York– and Dublin-based fund administrator Citco Fund Services. Not only does that free managers from having to maintain and upgrade their technology, Keunen says, it reassures investors to know that their funds are using independently developed platforms to manage their portfolios and perform fund accounting.
Citco于2002年开始为其基金管理客户提供前端投资组合管理平台，在此类别中获奖。用户赞美其AEXEO技术产品，用于投资组合分析，性能测量和报告。Citco Readge Out No.2 Tradar，这是一个十岁的伦敦公司，其Tradar Portfolio产品套件拥有150个对冲基金客户。SunGard数据系统，围场，宾夕法尼亚州的资深金融服务软件和加工公司，与Goodeop金融服务，伦敦和都柏林公司的第3号联系，提供基金管理和中办公室和后台外包。
Citco’s AExeo platform is based on a proprietary system originally developed by Greenwich, Connecticut, hedge fund firm Tudor Investment Corp. Citco expanded the system, which it licenses exclusively from Tudor, to include mortgage-backed securities, credit default swaps and other instruments, as well as new reporting capabilities. Hedge funds use the platform, which includes a fully maintained securities database, to manage their portfolios, run analytics and P&Ls on their positions and funds, and perform other tasks.
由于养老基金和其他机构资金流入对冲基金，管理人员提供了更大的披露和更全面的报告，他们的投资如何胜任。投资者关系软件使任务更易于管理。
Backstop Solutions Group wins the Alpha Award for top investor relations management system by a wide margin over SS&C Technologies and PerTrac Financial Solutions. Jeremie Bacon launched Backstop in 2003 with investments from four hedge fund and fund-of-funds managers. The company designed its investment partnership management software as a single, integrated platform that enables customers to reduce the number of technology systems they must support.
基于芝加哥的Backstop通过允许他们跟踪和管理他们与投资者的关系，开展投资组合管理和资金级别会计的关系，并巩固对冲基金经理的研究。对冲基金使用投资者关系平台的折叠版本，包括创建营销材料和客户的定制统计报告。
Second-place SS&C Technologies, a 20-year-old Windsor, Connecticut–
基于金融服务公司，为客户提供各种投资者关系和文件管理服务。Pertrac Financial Solutions今年早些时候收购了投资者关系专家Whitteraker Garnier。该公司在孟菲斯，田纳西州和里诺，内华达州的办事处，距离伦敦4号伦敦的Sage软件中，为客户关系管理软件及相关服务提供了许多行业。
技术提供者向对冲基金部长找到他们必须满足苛刻的受众。本月，首次，高盛＆Co.首次为用户提供其rediplus执行平台的用户从少数其他经纪公司获取算法交易程序。
“这是客户想要的，”Goldman Sachs执行和清算的电子贸易主管Greg Tusar解释说，该公司的纽约经纪人经销商附属公司在贸易秩序管理中取得了最高荣誉。
rediplus全球，跨资产类执行平台提供了许多响铃和呼吸者：智能订单路由，程序交易，算法交易，让客户管理他们的订单有效地流动，以及一套交易成本分析工具。去年客户获得了高盛新的Sigma X，这是一个交叉系统，将流动性与yediplus客户，外部过境系统，少数第三方市场制造商和高盛本身相结合。
在我们的调查中排名第一的高盛手空分析竞争提供商的贸易秩序管理系统和执行管理平台。第二位竞赛非常接近，拥有波士顿的EZE城堡软件编辑美国证券3号Banc。今年夏天，EZE Castle和BNY经纪组成了一个名为BNY Convergex组的新的独立实体，将前任的订单管理系统结合起来，该系统拥有超过200个对冲基金客户，后者的直接市场访问平台和研究有关的服务。
In risk management, hedge fund managers give RiskMetrics and Imagine Software the equivalent of a standing ovation. RiskMetrics gets top honors, with Imagine in second place. New York–based Imagine has expanded its risk management and analytics platform in recent years and now has more than 100 investment management clients, mostly hedge funds. The versatile GlobeOp Financial Services places third in risk management, after a sizable gap. Morgan Stanley places fourth, holding its own against the field of dedicated risk management firms.
Risk management gained in importance during the past decade as hedge funds realized the importance of being better able to deal with their market and credit risk. RiskMetrics earns kudos by covering a comprehensive range of asset classes and instruments and by providing a full, sophisticated battery of risk management services, from its value-at-risk methodology and Monte Carlo analysis to real-time stress testing and scenario analysis. Although a trader may, for example, understand the risk associated with a particular trade executed in New York or Singapore, RiskMetrics enables that trader to compute the risk of the transaction in the context of the fund’s hundreds or thousands of other positions. RiskMetrics customers can reprice complicated securities in real time, benefiting from the computational strength of the firm’s hundreds of servers, which perform millions of calculations simultaneously.
As the hedge fund industry grows, managers are likely to continue the push to expand and integrate technology systems and software. And big hedge fund investors — with the wallets to back up their demands — will continue to insist on their managers’ using technology that is robust, scalable and as good as it can possibly be.