Hedge Fund Software

I quickly compiled a list of software companies working on the software products used by hedge funds:

Cogency Software (CogencySoft.com) Fund of Hedge Funds Insight and Investor Insight – integrated CRM, portfolio management and multi-currency GL, investor, partnership accounting software focused on Funds of Funds .

TKS Solutions (PennyItWorks.com): Penny – accounting software with target market of small to mid sized funds.

Connotate ( Connotate.com): Agent Community is research software collecting the web, email, xml, third party data vendors and internal applications data and transforming it into an database, excel, email and phone alert format with an user-friendly interface used in financial research. Intelligent agent software for data mining, monitoring, and extraction from web, desktop and enterprise sources. Established – 2000.

FundCount LLC (FundCount.com): FC Office and FC Web – desktop and web based accounting software for small and mid sized hedge funds, fund of funds, private equity funds and family offices. Partnership and GL accounting + integrated tax module. Established – 2003.

Isis Financial Systems (isisfs.com): IMS (Investment Management System) is a multi-currency accounting and portfolio management software. Includes integrated risk analytics module. Accounting module includes cash flow projection feature based on the “what if” analysis. Established – 2001.

Advanced Financial Applications (afapp.com): Impact PRO is a trade/order processing software. Established – 2004.

Advent Software (advent.com). Established 1997. Developed several software products: Geneva – portfolio accounting and reporting system; Advent Tamale RMS – research management software;  Advent Partner for investor accounting – partnership economic and U.S. tax accounting and reporting for onshore funds, investor management, reporting, and full investor accounting for both onshore and offshore funds.

AlternativeSoft (AlternativeSoft.com) – portfolio management software. Consists of three modules: Fund Selection module, Portfolio Construction module, Hedge Fund Replication module. Established – 2000.

Archway Technology Partners (ArchwayTechnology.net) ATWeb – web deployed accounting software. – G/L, investor relations, portfolio accounting, fund accounting, partnership accounting. Established – 2003.

Blue Systems (bluesystems.info) Blue Mobile – offers financial information for decision making on the mobile handsets (claim to offer software for more handsets that any competitor). Have multiple offices around the world. Established – 2002.

Charles River Systems (crd.com) – large software development company with multiple products and offices around the world.  Products include investment management system, portfolio management system, strategy analysis, trade management system,  investment compliance (real-time pre-trade, post-execution, and end-of-day compliance monitoring). Provide a managed private financial network providing with real-time FIX-based electronic connectivity to the global institutional investment community.

Code Red (coderedinc.com) – investment management and research software. Established – 2005. Products offer research management system (centralizes and analyzes shared drives, Microsoft Outlook folders and third party systems folders), research/investment management syste, research management system – integrates external data, configures custom fields and turn RedAlerts database into via XML Web Services an integration hub that facilitates the investment process.

Vitech Systems Group, Inc (VitechInc.com) – the software is not focused directly on the hedge funds or fohfs, but rather state pension funds, state health funds, city funds, county funds. Though their are claiming to be able to support administration of the hedge funds. Features include: CRM, reporting, payroll reporting, contributions processing, service credit purchases, refunds, buy-backs, pension calculations, eligibility calculations, health claims adjudication, benefits disbursements, participant communications.

Karl Thompson and Associates (KarlThompson.com) – consulting and software development services to hedge funds. Developed several hedge funds solutions. Products features: portfolio reconciliation, position reconciliation, data transfers (integrated with Advent’s Axys product).

Netgate Solutions, Inc (NetageSolutions.com) – have several CRM product lines (all of them are Outlook integrated) – InvestorDynamo, DealDynamo, PropertyDynamo, FundDynamo, InvestorDynamo Online Reporting.

Fi-Tek, LLC (fi-tek.com) – hedge fund accounting software (partnership allocation system) for hedge fund administrators, fund managers, and accounting firms. Offer web based report distribution. Established – 1999.

Delte Hedge Systems (deltahedgesystems.com) – provides hedge fund custom software development services. Also have their own software products – OmniHedge Equity (equities and options reporting) and OmniHedge Fixed Income / Credit (bonds, FX and Futures reporting).

21st Century Company (21stcenturycompany.com) – offer a diverse line of products for different industries. Hedge funds software is one of their products – is limited to the partners income allocation and fees calculation.

Portfolio Science, Inc (portfolioscience.com) – offer hedge fund risk management software  (RiskAPI). Established – 2000.

Vantage Software (vantage-software.com) – offer five software products: Vantage Insight, Vantage Deal Manager, Vantage Performance, Vantage Funds-Of-Funds, Vantage Investor.

Imagineer Technology Group, Inc (itgny.com) – offer software products for hedge funds, funds of funds and family offices. Software features: CRM, reporting, custom website development.

Zephyr Associates, Inc (styleadvisor.com) – offers several software products: AllocationADVISOR – asset allocation and financial planning software; StyleADVISER – investment managers, mutual funds, financial markets and investment portfolios analysis; ZephyrONDEMAND – web-based, distributed reporting tool designed to work in complement with StyleADVISOR.

FiHedge (fihedge.net) – webbased C#/ASP.net solutions: hedge fund administration, reporting, accounting.

FundSolve Ltd (fundsolve.co.uk) – hedge fund portfolio management software. Product – Nemos.

Trading Patterns (tradingpatterns.com)  – hedge fund trading research software. Established – 2000.

Vhayu (vhayu.com) – enterprise data retrieval and analytisc provider.

My Compliance Office (mycomplianceoffice.com) – hedge fund compliance software (automates and centralizes compliance procedures). SEC and FINRA compliance.

NobleTrading (nobletrading.com) – hedge fund web trading platforms.

Capital IQ (capitaliq.com) – hedge fund trading research software (company’s fundamental analysis, trade analysis, etc).

Wall Street Systems (wallstreetsystems.com) – developed back office, trading, treasure software solutions focused mostly on banks but also may be used by the alternative investment funds.

AIM-TO (aim-to.com) – hedge fund risk management data warehousing, risk management software.

Terra Nova Financial, LLC (tnfg.com) – hedge fund trading platforms for a variety of the markets. Established – 1997.

Alpha Theory (alphatheory.com) – hedge fund fundamental analysis, research and risk management software.

Comada (comada.com) – hedge fund portfolio and liquidity management software.

The Next Round (thenextround.com) – hedge fund and fund of funds management software.

Matrix Aims (matrixaims.com) – fund of funds, hedge fund management software. Offers several modules: Analyst, Portfolio Manager, Operations, Accounting, Marketing.

Global Fund Solutions (globalfundsolutions.com) – fund administration software – 100% web based solution.

NWT Financial Group (nwtfinancialgroup.com) – hedge fund trading software, software integration, data access services.

Hedge Connection (hedgeconnection.com) – web-based, marketing tool that facilitates relationship building and allows direct interaction and exchange of information between hedge funds and opt-in, qualified investors.

ProTrak (protrak.com) – CRM for asset-manager, hedge funds, fund of hedge funds, equity managers.

Tao Analytics (taoanalytics.com) – hedge fund investment research, risk analytics software.

Clarifi (clarifi.com) – hedge fund investment research software.

Imagine Software (derivatives.com) – hedge fund  portfolio and risk management systems.

Markov Processes (markovprocesses.com) – investment analysis, risk management hedge fund software.

Tradar (tradar.com) – hedge fund portfolio management software.

SS&C Technologies, Inc (ssctech.com) – provides the global financial services industry with a broad range of highly specialized software, software enabled-services and software as a service (SaaS) solutions for operational excellence.

UnRisk (UnRisk.com) UnRisk provides a family of products for financial institutions; UnRisk-Q for quant development, UnRisk PRICING ENGINE for derivatives analytics, UnRisk FACTORY for risk analytics.

OptiRisk Systems (OptiRisk-Systems.com) OptiRisk Systems offers products and services in the area of Optimisation, Risk Modelling, Portfolio Planning, Asset and Liability Management, Supply Chain Management, Strategic & Tactical Management, Scheduling of Transport Assets.