Hedge funds cut operating budgets in response to slowdown

The shrinking of assets managed by hedge funds is creating a strain on technology as operating budgets are reduced, according to both Thomson Reuters and SunGard.

The most recent research by Chicago-based Hedge Fund Research estimates that global hedge fund assets declined by $210 billion in Q3 of 2008, with investors withdrawing more than $40 billion in the month of October alone.

Most research firms predict that the industry will continue to contract during the course of 2009, resulting in a

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Next-generation technologies and the future of trading

At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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