Sunday, June 15, 2008
Hedge Fund Technology
A major reason for Hedge Fund’s increasing popularity and success is in large part due to the emergence of new technologies. What used to be an arduous search and investment process that was performed in person and through word of mouth has now been transformed into a seamless process easily monitored from the comfort of one’s home or office. The introduction and expansion of hedge fund database and analysis platforms, web sites, web meetings and teleconferencing, the process of marketing, finding, analyzing and monitoring hedge funds has completely revolutionized the industry. Not too long ago, finding hedge fund managers was a blend of skill, luck and networking. The primary method for discovering new hedge fund talent was word of mouth and extensive legwork, a common anecdote involved one company even going so far as to go door to door in New York’s financial district looking at nameplates to discover new talent.