Technology drives fund administration

Hedge fund administration is fast becoming an information technology business. In order to meet industry demands for greater transparency and more frequent reporting, fund administrators are revisiting their operational platforms and investing in technologies that improve automation and allow for the seamless dissemination of information. US Editor Kris Devasabai reports

dynamic explosion

Meeting the need for more frequent, and in some cases daily, information is perhaps the biggest technological challenge facing hedge fund administrators.

Michael Evans, chief technology officer at Spectrum Global Fund Administration, believes administrators who rely heavily on third-party software systems will struggle to adapt to an environment where daily or weekly net asset value (NAV) calculations and portfolio reports become the norm.

"The vendor systems available today do not offer a

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