Case Study: Portfolio Management

A multi-billion dollar hedge fund was continually investing in a very limited Portfolio Monitoring tool that needed to be replaced because of business and technical limitations. Every required or new change/update resulted in increasing consulting costs with no end in sight. In addition, separate development efforts made by each fund manager was resulting in a “hodgepodge” of systems - adding to the firm's inability to consolidate data and applications from disparate systems into a single place. They needed an immediate, milestone-focused solution, along with a measurable, well-managed approach to business systems development.

Solution

NorthPoint Solutions developed and implemented a new Portfolio Monitoring System (PMS) utilizing a “business-focused” phased implementation process. This type of redesign gave the hedge fund the ability to add new data points dynamically without the intervention of developers. It also supported all of their fund portfolios in one consolidated application and was used by multiple business units, including their Risk Management and Operations teams.

Benefits

  • Single, consolidated Portfolio Monitoring System
  • Ability to move away from the "high cost, low return" consulting approach
  • Manageable, measurable approach to business systems implementation
  • Extensibility of the system to other critical business areas
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