Case Studies & Whitepapers
Small Hedge Fund Thinks Big
For many new, small hedge funds and investment management firms, the process of planning out their business back-office operations needs can be an overwhelming and often costly aspect to starting up the fund – a process that many managers will undoubtedly underestimate.
Very often, a new fund will allocate money needed to get the IT set up, without identifying future business needs. Then, as the fund increases in assets under management and employee size, they will find that their initial IT setup is not scaling to meet these increases in IT demand, and will end up spending more money to update their systems to support the new business requirements.
Not so for Scotsman Capital, a five year old registered investment adviser located in New York. As Charlie Crane, Managing Member at Scotsman Capital, puts it, “Although our initial and subsequent IT purchases have been notable expenditures for a firm our size, it was important for us to behave as if we were a much larger company, as we hope to be someday.”
This case study outlines how Scotsman Capital thought big from day one.