Fund accounting system spend to hit $500 million by 2012

A new report by financial technology consultancy Aite Group, Portfolio accounting systems for hedge funds, evaluates five portfolio accounting systems on the market with at least 60 hedge fund clients: Advent Software's Geneva, Linedata Services' Beauchamp Hedge Fund Suite, SS&C Technologies' Advisor- Ware and Total Return, SunGard's Visual Portfolio Manager (VPM), and Tradar's Insight.

Report author Denise Valentine notes that all products evaluated are based on accounting capabilities, but also

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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