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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

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

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