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Addepar deal may salve big, lingering pain point for RIAs who use alternative investments

The Mountain View, Calif. software firm bought AltX to help back-end operations catch up with front-end display

Author Brooke Southall May 19, 2017 at 11:46 PM
Admin:
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Eric Poirier: It's matching with a high correlation.

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Addepar hires Advent genius then launches 'Advent Converter' to court the RIAs still on Axys and APX ; PortfolioCenter 'easy button' comes next

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Mentioned in this article:

Addepar
Portfolio Management System
Top Executive: Eric Poirier




Brian Murphy

Brian Murphy

May 22, 2017 — 5:52 PM
This is exactly the type of problem that blockchain technologies could solve. Of course the industry would need to move in that direction. Think of it this way, the chain knows the entire holdings of each and every hedge fund at all points in time (because it's captured through transaction data). Those who contribute data to the chain can see their entire portfolios there and then can choose to allow different institutions different views, or profiles, on that data. For example, they may not want to provide daily portfolio holdings to the masses, but they might be willing to share aggregate data (% stocks, % bonds, or essentially "profiles") on an ongoing basis along with appropriate risk data. The hedge funds themselves would be in charge of turning clients off and on with regards to level of data insight they provide. For example, they might want to give the SEC access to real time security holdings, but provide aggregate risk data to portfolio managers.
Jeff Spears

Jeff Spears

May 22, 2017 — 6:16 PM
My firm was an early client of AltX because of the deep industry knowledge of Sam Hocking. That is the intangible value of this acquisition

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