Cogency Software, a provider of accounting and operational software for funds of hedge funds, named Jeffrey Axelrod CEO. According to Axelrod, the founding CTO of the company, one challenge Cogency's clients face is the enormous growth in many funds.
"Growth brings on pressure from external counterparties and internal management, which both want to see formal operational policies and processes in the areas of manager selection, portfolio construction, fund accounting, etc.," explains Axelrod. "A growing fund of funds finds that it needs to implement technology that defines and codifies its processes."
Before founding Cogency in 2002, Axelrod was VP of development at TenFold Corp.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio