From 2 to 30 pods – A Neovest hedge fund case study

Thibault Denos from Neovest APAC shares a client success story.

Twelve years ago, a prominent global multi-manager hedge fund approached Neovest seeking a robust trading software solution. At that time, the hedge fund operated with just two pods, each managed by a single portfolio manager (PM). Nevertheless, it had ambitious growth plans. The hedge fund wanted to ensure the system they chose could scale with its expansion over the coming years and it was crucial that the vendor could deploy software and onboard new pods with speed.

This case study highlights how Neovest collaborated with a global multi-manager hedge fund client to provide a software solution that was able to scale alongside the hedge fund’s expansion from 2 to 30 pods and from 2 to 155 PMs in just a few years. Neovest delivered a light-weight, yet comprehensive software solution that met both the hedge fund’s immediate and future needs. Key factors contributing to the success of the collaboration include:

Streamlining PM onboarding

As the hedge fund began hiring groups of PMs with diverse needs, Neovest collaborated closely with the client’s operations and IT teams to enhance the onboarding process.  Because of Neovest’s multi-tenant solution and experienced staff, new PM pods were successfully onboarded to the Neovest platform and trained on the software within just one to two weeks.

Adapting to a centralised workflow

At a certain point, Neovest’s hedge fund client made a decision to centralise its execution function. Transitioning to a centralised execution model marked a significant shift in the fund’s technology infrastructure, requiring careful management alongside daily operations. Throughout this transition, the Neovest client service team played a crucial role in supporting the client’s execution desks across three key regions – Asia, Europe and the United States – to achieve this centralised workflow. This move allowed the hedge fund’s PMs to delegate execution responsibilities consistent with their internal changes.

Integrating pre-trade REST API with a proprietary risk platform

The hedge fund developed a proprietary risk management platform. Neovest worked with the hedge fund’s IT team to configure a REST API integration between Neovest’s pre-trade risk engine and the fund’s risk management platform. This integration empowered the fund to automate risk checks on orders before they routed them to their brokers.

This straightforward yet impactful integration simplified the client’s workflow. Collaborating with a trading software technology provider like Neovest can help hedge funds grow and scale rapidly.

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