Sector
Asset Management
Portfolio management, performance attribution, fund operations, and analytics for institutional asset managers and fund companies.
41 articles
Independent Broker-Dealers: What the Public Data Shows
There is no independent category in the securities laws and no official list of these firms, but the public record says a great deal about the model.
25 AI-Enabled Automation Use Cases for Hedge Funds
Twenty-five AI automation use cases across hedge fund operations, from trading and risk to compliance, investor relations, and the back office.
Leveraging AI for Smarter Portfolio Construction
Applying AI and ML to portfolio construction: return forecasting, dynamic risk modeling, optimization, alternative data, and direct indexing.
Top Broker-Dealer Firms in the U.S. — Ranking & Analysis
The largest US broker-dealers ranked by client assets, segmented by business model, with the trends reshaping wirehouses, IBDs, and digital brokers.
Top 25 Hedge Funds — Ranking, Strategies & Performance Analysis
The 25 largest hedge funds by assets under management, the strategies behind them, and what an allocator should read into their track records.
How to Track Unfunded Commitments and Recallable Capital
Keep a live ledger of each LP's commitment, drawdowns, distributions subject to recall, and the callable balance that is actually left.
The Role of NAV Triggers in Subscription Line Credit Facilities
NAV triggers adjust subscription line facility terms automatically when a fund's net asset value crosses a predetermined threshold.
How to Automate K-1 Schedule Preparation for Portfolio Investments
Extract capital account data from portfolio systems, apply partnership allocation rules, and populate K-1 forms across multi-entity structures.
Managing Clawback Obligations and Escrow Accounts in PE Accounting
Clawback obligations represent one of the most complex accounting and legal challenges in private equity.
How to Build a Fund of Funds (FoF) Fee and Expense Allocation Model
A fund of funds must spread management fees, performance fees, and expenses across underlying investments with different terms and timelines.
What Is a QIP (Qualified Institutional Placement) Workflow in PE?
A QIP lets listed companies and private equity funds issue securities to institutional investors under exemptions, bypassing the public offering process.
How to Handle GP Co-Investment and Carried Interest Tracking
Track GP co-investment and carried interest in separate ledger accounts, with automated waterfall processing and clawback escrow behind them.
Comparing Fund-Level vs. Deal-Level Fee Calculations in Private Equity
Fund-level fees are simpler to run; deal-level fees give LPs more transparency at the cost of computational complexity.
How to Build a Deal Sourcing and Pipeline Management Workflow for PE
Start with an investment thesis specific enough to filter on — enterprise value, sector, geography — then build the sourcing pipeline around it.
10 Data Fields Your PE Portfolio Company Monitoring Dashboard Needs
Portfolio monitoring dashboards separate effective PE managers from those flying blind.
Managing Management Fee and Performance Fee (High Water Mark, Hurdle) Calculations
Hedge fund fee structures operate on dual components that require precise calculation methodologies.
How to Automate Investor Capital Call and Notice Distribution
Private equity funds issue large capital calls across many jurisdictions. Automation cuts distribution time and removes multi-currency errors.
The Data Requirements for Factor Risk Modeling (Barra, Axioma) Integration
Factor risk models decompose portfolio risk into systematic components, and each one demands particular inputs to calculate exposures and factor returns.
What Is a Waterfall Distribution? (European vs. American Waterfall Explained)
A waterfall distribution sets the order in which fund proceeds flow to limited and general partners, tier by tier, before carried interest is paid.
How to Automate Regulatory Filings (PF, CPO-PQR, Form ADV) for Hedge Funds
How to automate Form PF, CPO-PQR and Form ADV filings so the data assembly, validation, and deadline tracking stop being manual work.
How to Build a Short Locate and Recall Workflow in Your OMS
Regulation SHO requires reasonable grounds to believe shares can be borrowed before a short sale, which is what the locate workflow has to establish.
How to Manage Lockups, Gates, and Side Pockets in Investor Allocations
Codify each restriction in the investor accounting system, compute eligibility at each redemption window, and report available against restricted capital.
How to Automate Swap and Derivative Confirmation Matching
Before automating swap confirmation matching, audit your derivative volumes and processing capacity — that answer decides how much infrastructure you need.
Comparing Long/Short Equity vs. Global Macro Order Management Needs
Long/short equity trades many orders across equity markets; global macro trades fewer orders across currencies, bonds, and derivatives.
How to Automate Capital Call and Distribution Processing for Private Funds
Automated workflows calculate investor pro-rata shares, issue notices, track payments, and apply waterfall provisions across a fund portfolio.
What Is a P&L Explain? (Attribution by Sector, Region, Security)
A P&L explain decomposes trading gains and losses into the risk factors and sources that produced them, by sector, region, and individual security.
10 Alternative Asset Classes Your Hedge Fund Accounting System Must Support
Hedge funds allocate well beyond equities and bonds, and each alternative class brings its own valuation method, data needs, and reporting obligations.
How to Build a Prime Broker Reconciliation Workflow for Multiple Brokers
Multi-prime reconciliation needs tolerance thresholds by asset class and automated break investigation, because format mismatches are constant.
What Is Shadow NAV? And Why Hedge Funds Run It in Parallel
Shadow NAV is an independent calculation of a hedge fund's net asset value, kept apart from the official book of records and run in parallel with it.
The Role of Data Lineage in Asset Management Regulatory Reporting
Asset managers face regulatory reporting demands that require precise data lineage documentation across 847 unique data fields for SEC Form PF alone.
How to Automate NAV (Net Asset Value) Calculation for Daily Pricing
Integrate custodian position feeds, multi-source pricing validation, and multi-level approval routing to deliver same-day fund pricing.
Managing Multi-Currency Portfolios: Hedging and FX Revaluation
Multi-currency portfolio management requires systematic hedging decisions and precise FX revaluation processes to control volatility.
Comparing Average Cost vs. Specific Identification for Tax Lot Accounting
Average cost assigns one weighted price across a position; specific identification lets an investor pick the exact tax lots to sell.
How to Build a Security Master Reference Data Workflow
Source instrument data from several vendors, validate it against your own rules, and distribute one version to trading, portfolio, and reporting.
How to Reconcile Custodian vs. Internal Positions Daily
Import custodian files at market close, match on security identifier and quantity, and route every break through a tiered same-day investigation.
What Is a Blotter? (Trade, Order, Execution - Differences Explained)
A blotter is the official real-time log of orders, executions, and settlements on a trading desk, and it is what regulatory reporting is built from.
10 Performance Attribution Models Every Asset Manager Should Understand
Performance attribution quantifies which investment decisions drove returns and by how much.
How to Handle Trade Allocation Across Multiple Managed Accounts
Trade allocation across managed accounts needs a documented methodology, pre-trade calculations in the order management system, and audit-ready reporting.
How to Automate Corporate Action Processing (Dividends, Splits, Mergers)
Market data feeds, an entitlement calculation engine, and automated election workflows handle dividends, splits, and mergers end to end.
How to Build an Investment Book of Record (IBOR) vs. Accounting Book of Record (ABOR)
An IBOR shows real-time positions for investment decisions; an ABOR holds the official NAV and the regulatory reporting figures.
What Is Portfolio Compliance Monitoring? (Restrictions, Exclusions, Concentrations)
Portfolio compliance monitoring tracks portfolios against the rules, restrictions, and concentration limits set by regulation and by client mandates.