10% Of Hedge Funds Mull Administrator Change

Feb 4 2010 | 12:39pm ET

There could be a good deal of turnover in the hedge fund administration space, according to a new survey.

According to TKS Solutions, which is marketing a new version of its administration software Penny, many hedge funds are unhappy about the timeliness and accuracy of partner and shareholder accounting reports.

The reports states that one in 10 hedge funds have considered switching administrators over the past year as a result of those shortcomings.

“Based on feedback from our hedge fund customers, we discovered that many administrators were still struggling under the weight of convoluted spreadsheets,” Ronald Kashden, TKS president, said. “By expanding Penny’s partnership and shareholder accounting features to factor in administrator needs we could give them the efficiencies and improvements in accuracy that their customers are demanding in this economic climate.”


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note