Architecture and Implementation Plan for a Hedge Fund Manager

Situation

A hedge fund management firm was using an unstable technology platform. The firm wanted to reduce its dependence on vendors that provided poor support, and wanted to replace its in-house system, which had been built on desktop technology. This firm trades credit default swaps and bank debt, which are not well supported by any of the vendor products.

What we did

Analyzed current state and business needs.
Recommended end-state architecture and a phased roadmap to achieve it.
Created implementation, integration and conversion strategy, and a plan for the project's first phase, installation of Advent Geneva portfolio accounting system.

Obstacles

The firm's traders feared losing control if they moved away from the homegrown system. This was a major project for the firm, requiring a substantial time commitment; however, the firm had a limited budget. In addition, the firm had no in-house IT or program management experience.

Results

Client implemented the recommended phased approach. Core accounting is on track to go live as planned, to be immediately followed by second phase, developing specifications for their trading system.

Other Case Studies:
FpML-based Data Architecture for Investment Bank
Swap Trading Front-end for a Hedge Fund Manager
Portfolio Accounting System Testing and Conversion for a Fund Administrator
Offshore Outsourcing Program Development for a Private Bank
Private Bank Internet Strategy
Enterprise Data Model for a Private Bank

Skills

Strategy and planning

Program management

Business analysis