Fund investor accounting technology market set to contract

According to the 72-page Celent study, Ranking the vendors of hedge fund investor accounting technology 2009, spending on investor accounting systems reached $15 million in 2008, but will fall to just over $14 million by 2010 as managers continue reining in their technology spending (see graph 1).

The consultancy anticipates revamped IT projects starting in 2011, with spending on investor accounting technology rising back to $14.8 million by 2012. Report author Isabel Schauerte writes that the co