The speakers included Seth Blackman, Principal at Rothstein Kass; Chris Grandi, President of Abacus Group; Bart Mallon, Partner of Mallon P.C.; and Jack Wiener, Executive Vice President of Linedata North America.
Each of the four speakers provided key insights into strategies for managing todayâs hedge fund challenges. They identified operational efficiency and understanding regulatory needs as key drivers to overcoming the challenges of an evolving regulatory environment, along with increased investor requirements and stronger competition. The panel's ultimate conclusion was that hedge funds need to start planning for the long-term and leverage technology to optimize current business processes in order to grow in todayâs market.
Blackman commented, "Hedge fund managers must have a vision for their business and structure their funds in a way that compliments their investment strategy. From there they must establish a sound infrastructure that supports said structure and is flexible enough for growth. Funds have to ask themselves: will this business model support me now and in the future?â
Mallon observed, "The industry needs to understand the legal requirements of doing business in an environment that is becoming more regulated. The day of hedge funds adhering to a different set of rules is near its end and the funds that better understand and begin optimizing the operational process will be better positioned to capitalize on market opportunities."
Grandi advised, "Funds that want to shoot from the hip will find that their business model is not scalable in todayâs market. There is a wealth of opportunity for all sized funds if they have a business model that can grow with them. We see more and more funds moving their infrastructure to an outsourced model, allowing them to remain focused on what they do best, managing money.â
Host of the event, Jack Wiener said, "We find that hedge funds are actively seeking systems and best business practices to support growth. Linedataâs modular, integrated, front-to-back offering is an ideal solution, highly scalable, automating processes and streamlining workflows. Indeed, we continue to see hedge funds choosing Linedata, having just added several new clients to our growing hedge fund client base."