The Build-vs-Buy Debate: Buy Gains Steam

Two hedge fund technologists talk about what goes through their minds when considering a new platform.


Klay Stack has overseen Marathon Asset Management's technology department for eight years. Marathon is a global distressed-credit manager with about $13 billion under management.

As a result of its niche focus, when it comes to new platforms, Marathon has had a strong build culture since its founding in 1998. Stack, speaking at this year's Buy-Side Technology North American Summit, said that while the firm still has a strong "build" preference, it is slowly exploring more avenues with third-par

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