Nightmare on Excel sheet

Recent research found a substantial number of hedge funds using Excel spread sheets. What are the risks this pose and why is the use of Excel still popular within the hedge fund industry?


This is an extended version of an article appearing in Technology Round Table: challenges ahead for the future.

Everyone agrees Excel spreadsheets increase operational risk but it does have some attractions that help it to survive more sophisticated solutions.

Neil Edelstein at GoldenSource agrees. “The risks imposed by spreadsheet management are best demonstrated by the lack of investor confidence and the ‘threat’ of massive government regulation,” he says.

The features that make spreadsheets so

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