Robert Schaeffer, Managing Director, HBM Fund Services knew that hedge funds are conservative and that they avoid being first when it comes to choosing a vendor. To make this start-up fund administration firm a success, he knew that HBM would need a strong technology partnership that would provide the tools to outperform and outmaneuver bigger, well-entrenched competitors.
Flexibility and Customization: Schaeffer said that the system he chose also needed to be able to handle a variety of strategies, tax regimes and security types.“The clients that we have are a real mix. We have some very ‘vanilla’ long-short US equities, some dealing with foreign debt, others with private equity, currencies, fixed income… basically, we have clients all over the board, so we wanted a tool where we wouldn’t have to einvent the wheel each time, where we could service the broad range of clients that we had.”…
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