Vidrio Blog

For the 4th year running, Vidrio was a sponsor of Agecroft’s “Gaining the Edge” hedge fund allocator conference in NYC. Agecroft does a very nice job bringing together a mix of funds, allocators and service providers. Below is a summary of my observations from this year’s event:

Vidrio is a technology enabled service for fund allocators. We collect a full range of data from external managers for our clients so they can focus on more value-added tasks. We use all this data to power a range of functions that let fund allocators live on one screen to perform research, portfolio management, and operational tasks. We offer unrivaled depth in data servicing and cutting-edge technology for managers of managers.

Vidrio is the first technology enabled service for allocators. We’re also undoubtedly the oldest. The origins of Vidrio go back to 1994 when we established one of the early funds of hedge funds. Along the way, we developed technology to support portfolios that allocate to external managers of all types and transferred the data collection staffing and processes we used to create the innovative technology enabled service we offer today.

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Investment managers traditionally develop custom internal technology or implement multiple vendor solutions to manage their investments. Historically, these were the only products that could provide mature products across all mission-critical parts of the business. They were supported by a costly technology teams trained to support very specific use cases. These solutions were expensive and tend to decays as soon as they were implemented.

For investors placing money with hedge funds, calculating the risk of these investments is a multi-faceted problem.

Some risk elements, like standard deviation, are relatively easy to calculate: track performance over time and see how widely performance swings to the positive and negative. Other risks, like Greeks and VaR based on the derivative holdings of funds, are far more difficult as they require both transparency to the actual holdings of the fund, and advanced calculation models to generate results.