If you’re running or looking to start your own hedge fund, then you’ve got to first find the right software.
With so many options available, it’s tough to figure out which is the right one for your needs. We’ve prepared this guide to help you determine what’s the best hedge fund solution software for your needs.
Make sure you test out these different software programs before deciding which one works best for your brand.
Here are the best hedge fund software options for 2022:
FundCount
This is a great software that helps track complex financial investments. Its main focus is on firms such as private equity firms, family offices, and, of course, hedge funds.
It’s based on the Windows platform and offers online support during regular business hours.
You’ll also receive training through documentation, webinars, and in-person coaching sessions.
The cost of FundCount starts at $500 and the price increases as you add features as well as grow your client base.
This is one of the most popular hedge fund solution software programs because it reaches a wide audience. This is especially crucial during the current food crisis the world is experiencing.
PackHedge™
This is one of the most advanced solutions for hedge funds. It starts at around $5,000 per year and is ideal for a growing company.
It offers a variety of great features that you can use including:
- Quantitive research analysis
- Qualitative research analysis
- Shadow accounting
- Creating and managing a portfolio
- Handling compliance
- Know-Your-Customer protocols
This comes with a free trial and offers excellent support. You’ll have 24/7 live support online. You can also receive training through documentation, online webinars, and in-person coaching.
Arbor Portfolio Manager
This is a great software that helps hedge funds focus on managing their client’s portfolios.
The starting price is $1,500 so it’s better for mid-size companies. Make sure you have at least a few clients secured before you consider using this software.
You can try the free trial to see if the software works best for you. You can get support online during regular business hours.
Training is available through videos and documentation. There are also in-person coaching sessions.
One of the biggest advantages of this is that it’s a SaaS solution. As a result, you don’t have to worry about whether you or your clients use a Mac or PC.
Northstar Risk
This software is available on Windows platforms and also has a cloud version available. It’s one of the most expensive options available, beginning at $40K per year.
As a result, this is ideal if you run a large startup and have a large client base. It also has a free trial available.
You’ll have 24/7 live support and offers training via documentation and offers in-person coaching. It’s great for portfolio management, stress tests, analyzing risks, liquidity analysis, etc.
It’s a great choice if you want to take your hedge fund to the next level. This is one of the best ways to help your clients manage their money better.
Eze Investor Accounting
A hedge fund accounting software is crucial to help your clients keep track of their finances and their portfolio growth. At present, it only works on Windows.
Many hedge funds love Eze Investor Accounting for its ease of use and high-quality customer service. It costs $1,667 per month per user. You’ll have online support during regular business hours.
You can get training through documentation and webinars. There are also live online sessions and in-person coaching.
You’ll have many other great features such as the following:
- Managing Accounts Payable
- Preparing a budget
- Creating predictions and forecasts for your client’s finances
- Managing compliance
- Investor reporting
- Performance analysis
This is arguably the best option you’ll find if you’re running a mid-size business or a large enterprise. Make sure you try the free trial first before you start using it.
PureFunds
This hedge fund software is available on Windows and costs $1,500 per month. But there’s also a free version that works well for freelance hedge fund managers and small businesses.
You’ll get customer support online during regular business hours. You’ll get training documentation, online sessions, and webinars. There’s also in-person coaching available.
You’ll get many great features in both the paid and free versions of the software. These include compliance management, investor accounting, investor reporting, performance analysis, and portfolio management.
Make sure you always try the free version before deciding to use the paid version. This is one of the easiest hedge fund software options and is a preferred choice by small businesses and large enterprises alike.
Dynamo Software
If you’re looking for a great hedge fund CRM software look no further than Dynamo Software.
The pricing is based on your company’s particular needs. There’s a free trial available so you can test the waters before you determine if Dynamo is for you. It’s a popular option for mid-size and larger enterprises.
It’s SaaS software so it works regardless of what operating system you use. It’s got online support during regular business hours.
Training is available through online sessions, webinars, and in-person discussions.
With financial CRM you’ll have asset tracking features. This gives you a chance to keep track of your client’s investments.
Here are some of the other popular features:
- Managing compliance
- Investor accounting
- Performance analysis
- Analyzing your client’s portfolios
- Managing stocks/bonds investments
- Managing clients
- Managing funds
- Portfolio management
If you want to offer the best experience to your clientele, then you need to use CRM software. It’s not a difficult software to use and is the best way to foster a strong relationship between your hedge fund and your clients.
Choose Your Hedge Fund Software
Now you can choose the best hedge fund software from our list of recommendations.
Make sure you try a demo version or a free trial first. There are different hedge fund solution software options depending on the size of your company.
You can consider FundCount for a burgeoning startup and PackHedge for a growing enterprise. Make sure you also take advantage of the training and customer support tools to understand the software.
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