Thursday, 21 August 2014
Last updated 11 hours ago
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.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note