Four of the five vendors profiled have revenues in excess of US$200 million, and most are experiencing excellent growth in their client base. The firms have all been in the business of providing asset management technology -- whether serving hedge funds, prime brokers or fund administrators -- for more than a decade, and their offerings are well-known in the market. Though the portfolio systems market is a mature sector in asset management technology, these vendors are in a continuous state of change to keep pace with clients, expanding the solution's breadth of capabilities over time. While these solutions do not offer advanced risk analytics and valuation modeling today, this will likely change in the future as OTC derivative use continues to increase.
"The portfolio accounting system vendors profiled have made significant changes to their offerings over the last few years in order to better penetrate the hedge fund market," says Denise Valentine, senior analyst with Aite Group and author of this report. "So far, their efforts -- which include acquisitions, partnerships, and major enhancements to solution architecture and functionality -- have been successful. However, there is plenty of new competition in this market and these leading vendors must remain vigilant."
This 33-page Impact Report contains four Figures and eight Tables. It compares and profiles the portfolio accounting systems from five leading vendors serving the hedge fund market: Advent Software, Linedata Services, SS&C Technologies, SunGard and Trada.