Centralize the Books

Keeping track of trading and accounting data on spreadsheets is passé. There are better ways to run a hedge fund. Most likely, hedge funds will face more regulation in 2009. Hedge funds that ramp up their data management now will have a leg up once the regulatory landscape shifts, asserts Greg Woolf, CEO of Boston-based Vantage Software, a systems maker for hedge funds. Woolf says the simple act of centralizing data storage can provide the foundation for future compliance, while vastly improving investor relations.
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