Innovation In Hedge Fund Technology

There are three resources that hedge funds use to grow their businesses — people, process and information (via technology). Technology has evolved into an increasingly advanced state as the amount of data has grown exponentially, information has become more accessible and technological systems and solutions have matured and commoditized. 

Despite these changes, hedge funds continue to focus on antiquated, less cost-effective methods of implementing and maintaining multiple systems rather than leveraging data, scale and security to their advantage. As a result, there is a real need to bring technological innovation, revolving around a single technology platform, data management and user experience, into the hedge fund industry. 

Technology today is at a pivotal stage of evolution and influence. In our everyday lives, we see technology taking over human activities. We use applications like Uber to hail rides, MyFitnessPal to track calories consumed, and FreshDirect to order groceries to our doorsteps. The amount of data is growing exponentially, doubling in size every two years.