News

February 7, 2011

News Update: Moving Offices and Other Exciting Developments

2010 was an exciting year of multi-faceted growth for Point Nine. The recovery of the markets has resulted in most of our clients enjoying substantial increases to their Assets Under Management ("AUM"). Further, the market has seen resurgence in new fund launches, with many embracing more cost-effective, outsourced middle-office solutions.

One clear trend in outsourcing is toward the concept of 'outsourcing with oversight', of which we have been strong advocates. Point Nine continues to differentiate itself by its technology and people and this year we have enjoyed growth in both aspects.

Expanding our offering

We have added some separate product lines to our core operations outsourcing business. In 2011, whilst many of our competitors are shunning the start up market, as increased regulations have impacted margins, Point Nine is embracing the sector where we hope to offer small funds the institutional middle and back office platform they will need to attract more demanding investors.

Separately, we have modularised our offering, allowing our clients to pick and choose specific aspects of our service, such as collateral management, documentation or trade capture. A natural extrapolation of this modular offering is component based outsourcing. Our experienced staff (many of whom are former market practitioners) and flexible technology makes us an ideal, one-stop partner to offer tailored outsourcing solutions, as we are able to entirely replace or augment existing systems and processes.

Outsourcing with oversight

A clear trend in outsourcing post the financial crisis is the demand from clients to maintain oversight when outsourcing their operations. These requirements are part of the more 'institutional' approach investors are taking in approaching all aspects of fund management services. Point Nine has led the way in introducing rigour to this process of oversight, giving our clients 'remote logins' to oversee the operations process, and detailed reports (daily and intra-day) to monitor our services.

Point Nine's web-delivered service is uniquely adaptable to client oversight demands and we have made it a core aspect of our offering. "We consider ourselves strong, if not unique, in our ability to offer our clients control and oversight of the services they have outsourced to us, and see this trend growing in 2011," said Yannis Matsis, one of Point Nine's founding partners.

Services are about people

Perhaps the most exciting aspect of our growth has been our people. The firm has added a cross-section of seasoned professionals to boost the firm's product development and marketing capabilities. Ambasuthan Jananayagam, Stuart Murdoch and Phillipa Maclune are some of the senior additions to the Point Nine family this year. Each has more than 14 years of experience in the finance industry, applying their respective skills. Of course, to accommodate our growth we also happened to have moved offices to our new home at The Monument.

In Summary

January 9, 2012: HFM: Focus On Cloud Computing ›››

January 5, 2012: Point Nine Puts Vertex Capital's Evolution UCITS Fund Into The Cloud With Circle.2 ›››

January 1, 2012: Outsourcing: Cost Comes To The Fore ›››

November 17, 2011: Point Nine Puts Live Hedge Fund Middle & Back Office Into The Cloud With Circle.2 ›››

November 10, 2011: HFM: Focus on Middle Office. ›››

October 1, 2011: HFM: Focus on Technology. ›››

April 1, 2011: HFM: How to Start a Hedge Fund in Europe Report. ›››

February 7, 2011: News Update: Moving Offices and Other Exciting Developments. ›››

October 7, 2010: Senior sales consultant joins Point Nine. ›››

July 29, 2010: Point Nine Summer Party 2010. ›››