MIK Fund Solutions, a leading provider of software solutions for hedge funds, today announced that it has experienced record growth over the last 12 months and has now also expanded to service the west coast.
The increase is a reflection of market confidence in MIK's unique set of products, domain experience and expertise as well as data deployment/use by and for global hedge funds.
MIK ties a fund's data to its investment thesis, thereby creating a powerful analytic tool for managers to monitor, measure, and evaluate performance in real time across a customized array of categories, defined and chosen by the fund.
In addition to the annual growth in 2011, MIK reported significant growth in the first quarter of 2012. MIK's client base continues to expand both in numbers and in geographic location. The addition of several new west coast clients has opened up a significant new market for MIK.
Marshall Saffer, COO of MIK said: "Among the key challenges faced by fund managers today - regardless of size - is to make both sense and use of their core data. This is becoming increasingly more important, as it directly affects fund performance and as regulatory scrutiny and demands are placed on managers. We are committed to providing funds, their managers, and operating groups with a coherent, customized, and comprehensive approach that moves beyond warehousing to architecting data and software applications to be a critical element in aiding fund performance and growth."