MIK Fund Solutions - Software solutions for hedge funds

MIK News

February 2012 - MIK featured in Finextra article: MIK Fund Solutions targets West Coast
January 2012 - MIK’s Data Warehouse and Security Master solutions have been selected by a multi-billion dollar, multi asset-class hedge fund in Los Angeles, CA for implementation to help with their fund analysis and EOD reporting
January 2012 - Marshall Saffer presents at COO Forum: The Dodd-Frank Act - is it time to panic?.
December 2011 - Fadi Kaddoura featured in Waters Technology article: Vendor Profile: Fadi Kaddoura, MIK Fund Solutions.
November 2011 - MIK featured in Opalesque article: Hedge funds increasingly utilise data warehousing at a higher level of thought.
October 2011 - Three Billion Dollar Global Hedge Fund Manager has decided to implement the MIK Data Warehouse.
October 2011 - TABB Forum publishes thought piece from MIK: Does Data Give Fund Managers Headaches Or Make Them Addicts?.
October 2011 - MIK featured in CITI Prime Survey: Managing Your Hedge Fund IT Spend to Achieve Differentiation.
October 2011 - MIK Announces Enhancements to its Security Master Solution.
September 2011 - Two Billion Dollar Long-Short Equity Manager has decided to implement the MIK Data Warehouse to support their portfolio and risk reporting.
September 2011 - HFMWeek has nominated MIK as one of the top performing technology companies for hedge funds for 2011. MIK has been selected as a finalist in two categories: 'Best portfolio management software provider' and 'Best risk management and software supplier'.
August 2011 - Large publicly traded hedge fund selects MIK to support their security master initiative.
July 2011 - MIK In The News: MIK Fund Solutions releases a comprehensive equity finance system. Hedge Fund managers gain a sophisticated view into all of their financing interactions with their execution brokers, thereby creating a powerful analytic tool for managers to monitor, measure, and evaluate financing activities.
July 2011 - Press Release - MIK Fund Solutions Offers Equity Financing tracking and optimization system for hedge funds..
June 2011 - A $5 billion multi-strategy fund has engaged MIK to implement the Data Warehouse solution to support the firm's risk reporting requirements.
June 2011 - MIK In The News: The Burden of Business Progress: SEC Form PF -- a detailed exploration of the upcoming SEC Requirements for Form PF Submissions as part of the Frank-Dodd act, and what complexities this introduces for hedge fund reporting.
May 2011 - MIK In The News: MIK Addresses New Reporting Rule - Form PF -- MIK Fund Solutions is crafting an application designed to make it easier for clients to meet pending SEC reporting requirements.
April 2011 - MIK In The News: Hedge Funds Eye Broker Relationships -- MIK provides insight to Hedge Funds that need to organize and maximize relationships with their brokers.
April 2011 - Watch COO Marshall Saffer's interview by the Tabb Forum where he discusses the present day challenges in the Hedge Fund Industry and how the needs of Hedge Funds have evolved in the past several years.
March 2011 - Press Release - MIK Fund Solutions Expands to Accommodate Record Annual Growth and Gains in Q1 2011.
March 2011 - A Multi Billion Dollar Credit Fund has chosen to implement the MIK Data Warehouse and MIK Security Master.
February 2011 - A well recognized start up has chosen to implement the MIK Data Warehouse in conjunction with their launch.
January 2011 - MIK has launched a new application called Price Manager that works in conjunction with the MIK Security Master. Two clients are currently implementing the MIK Price Manager.
December 2010 - Another 13 billion hedge fund has begun the implementation of MIK's Data Warehouse solution.
December 2010 - The MIK Data Warehouse now seamlessly interfaces with Advent Axys.
November 2010 - MIK’s Data Warehouse and Security Master solution have been selected by a multi-billion dollar, multi asset-class hedge fund for implementation. In addition, a three billion dollar, long/short equity hedge fund has chosen MIK’s Real-Time Portfolio Monitor platform.
October 2010 - A multi-billion dollar Hedge Fund has selected the complete MIK Broker Relationship Suite (Event Tracker, Commissions Tracker, & Broker Vote) to facilitate their in-house broker analysis and oversight.
September 2010 - HFMWeek has nominated MIK as one of the top performing technology companies for hedge funds for 2010. MIK has been selected as a finalist in two categories: 'Best fund accounting and reporting systems' and 'Best risk management and software supplier'.
July 2010 – MIK has been chosen to implement the Data Warehouse platform for a prominent $13 billion hedge fund.
June 2010 – MIK continues its rapid growth by adding two new multi-asset hedge fund clients in June. Both clients are implementing the MIK Data Warehouse and Real-Time Portfolio Monitor platform to aggregate and report on data from their existing trading and accounting infrastructure.
May 2010 – A major Commodities Hedge Fund has selected MIK’s commission tracking and reporting application to provide in depth analysis across the suite of brokers with whom they do business, with complete drill down to the most granular level data.
April 2010 – Two multi-billion dollar hedge funds have chosen MIK’s Data Warehouse and Reporting Platforms for full implementation.
February 2010 – A $5 Billion dollar hedge fund has kicked off the implementation of MIK's Real-Time Portfolio Monitor platform for firm wide real time PnL and investment process support.
December 2009 – 3 Multi-prime hedge funds have decided to implement MIK's Commission management and reporting solution. This solution enables hedge funds to conduct comparative analysis on commissions and therefore shift business to those brokers providing the highest degree of service in research, sales and execution in conjunction with the best rates.
November 2009 – A multi-billion dollar hedge fund has chosen to implement MIK's Broker Vote Application. With the use of the Broker Vote, the analysts and traders at the hedge fund can participate to provide quantitative, centralized assessments of each of their broker relationships, which in turn facilitates discussions with brokers to provide areas of improvement and also to drive business to those that have ranked exceptionally high. By capturing each period’s vote data, it also allows year over year comparisons of rankings, which helps build long term relationships between the fund and the brokers.
October 2009 – MIK has developed a Compensation Modeling application that enables a hedge fund management team to model specific scenarios, taking into account legal agreements as well as qualitative distributions of bonus based on individual team member’s contributions. This software was designed specifically for hedge fund compensation, taking into account specific rules and levers that are integral to the process, but are not available with off the shelf products.
August 2009 – MIK continues to add hedge funds to its Real-Time Portfolio Monitor platform. MIK is implementing its Real-Time Portfolio Monitor platform at a $2B+ multi-strategy hedge fund client. We are integrating the hedge fund’s OMS, accounting and market data into a customized user front-end, and are also creating an automated, straight-through process for obtaining updated information from, and sending data to the client’s third-party applications. The Real-Time Portfolio Monitor leverages the client’s MIK-built data warehouse capacity to give users sophisticated real-time analysis.
July 2009 – MIK recently added a $2B multi-strategy hedge fund as a client. We are developing a data warehouse and full end-of-day performance, attribution and exposure reporting, as well as several investor reports. MIK is integrating daily OMS transactions and end-of-day positions from the client’s accounting system, and obtaining market data from Bloomberg.