Funds and Admins Are Rethinking Operations. Can Cost Centers Become an Edge?
It's time to reconsider operations. The front office grabs the headlines. Portfolio managers take the meetings. However, behind every successful trade, there's a team in operations that made it possible. When operations teams aren't bogged down reconciling cash breaks, verifying positions, and closing monthly books, they can facilitate execution and create opportunities that analysts and managers previously thought impossible. For...
11 September 2025 Article From Shadow NAV to True Alignment: Reconciling Fund Administer and Internal Data
How reconciliation builds trust between funds and fund administrators As you may already know, maintaining a shadow NAV has become standard practice for leading hedge funds to independently validate the figures reported by fund administrators. It is a valuable safeguard, but it stops short of being a complete solution. Shadow NAVs highlight discrepancies, but they don't resolve them. If you...
Matching Without IDs: How to Match Financial Data, From Rules to LLMs
This is the second article in our series on AI Reconciliation! Subscribe for the rest of the series! We've all been there. It's almost the end of the day, and you want to go home. But between you and that door, there are two spreadsheets refusing to align. The unique IDs have issues, or perhaps whoever exported the file forgot...
The Allure of AI in Reconciliation: Does AI Solve Recon Automation?
This is the first article in our series on AI Reconciliation! Subscribe for the rest of the series! Banks are pouring billions into AI, yet up to 80% of a data scientist's time is spent just preparing data (more on that later—either way, it's a lot of time). This contrast underscores the messy reality behind the AI hype in financial...
The Hidden Costs of Manual Reconciliation in Financial Services
Manual reconciliation has been the go-to method in financial services for decades. But as transaction volumes surge and markets evolve, the cracks in these traditional processes are becoming impossible to ignore. Enterprise reconciliation tools from Sungaurd and Smartstream promise to automate these processes but are themselves complex. What happens? On edge cases, institutions revert to manual reconciliations (using Excel, for...
