It's time for the fund administration culture to change.

I remember starting my first job as a fund accountant at State Street in July 1994 and on my desk was a mainframe computer, a PC that I shared with others in the group, and tons of green ledger paper. In those days, everyone in the industry was content to do the core accounting on a mainframe and then to do many of the other tasks (amortization schedules, income roll forwards, share roll forwards, etc.) offline in order to validate that the accounting system was in fact calculating things correctly. Wow, has the world changed in the last 20+ years.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.