After a period of double-digit returns, hedge funds entered the new year with optimism for continued growth. So far, that optimism has been widely realized.
But while hedge fund momentum continues, so does operational complexity.
As hedge funds expand strategies, attract new capital, and respond to rapidly changing markets, operational excellence has become a competitive advantage. The ability to execute ideas efficiently, maintain visibility across workflows, and adapt quickly to changing market conditions influence both performance and investor confidence.
SS&C Advent continues to evolve Eclipse with enhancements to keep pace with these demands.
The latest round of enhancements reflects that commitment. From smarter capital flow management to enhanced trading, accounting, and compliance capabilities, Eclipse continues to evolve as a unified, scalable platform for today's hedge fund operations.
Here's a look at the latest Eclipse enhancements.
Enhanced Portfolio Modeling Workflows
Eclipse has long provided portfolio modeling capabilities, including rebalancing against static or live portfolios.
The latest enhancements build on these workflows by introducing new capabilities to help investment teams respond more efficiently to changes in portfolio value caused by capital inflows and outflows:
- New Adjust Basis & Rebalance and In/Outflow Rebalance models automatically generate proposed trades based on the desired portfolio outcome.
- Adjust Basis & Rebalance enables managers to synthetically adjust a portfolio's basis to reflect changing capital while maintaining the portfolio's existing weightings and generate the proposed trades needed to implement those changes.
- In/Outflow Rebalance extends this workflow by first bringing underweight or overweight positions closer to their existing weightings before proportionally allocating any remaining capital across the portfolio.
Rather than manually determining the trades required to resize a portfolio following subscriptions, redemptions, or other capital changes, investment teams can quickly generate proposed trades while preserving their intended portfolio construction.
Proposed trades remain fully editable before staging, giving managers the flexibility to review and refine modeled results before execution.
By reducing the operational effort required to respond to changing portfolio values, investment teams can spend less time implementing portfolio changes and more time focused on investment decisions.
Bring Clarity to Credit Derivatives Trading
As hedge funds expand into increasingly sophisticated credit strategies, operational complexity grows alongside opportunity.
CDS and CDX trades, for example, are among the most operationally complex transactions a hedge fund can execute. To do so, funds often find themselves piecing together information from multiple systems and performing manual calculations.
Eclipse addresses these challenges with a dedicated CDS/CDX workflow designed specifically for credit derivatives.
From standardized trade capture and complete trade economics to automated premium accruals and integrated portfolio context, Eclipse delivers a more complete view of every CDS/CDX trade throughout its lifecycle.
By bringing pricing, settlement, counterparty, allocation, and strategy information together in a single workflow, investment teams gain greater transparency while reducing manual effort.
The result is a more efficient, consistent process that improves trade accuracy, simplifies reconciliation, and gives firms greater confidence that every CDS/CDX trade is captured correctly from execution through downstream processing.
Respond to Market Changes More Intuitively
In fast-moving markets, traders need immediate visibility into orders and routes, along with streamlined workflows that help them respond quickly as market conditions change.
The enhanced Eclipse Trade Blotter is designed to reduce clicks in common trading workflows, keeping traders focused on execution rather than navigation.
Proposed trades displayed in the enhanced Eclipse Trade Blotter
A streamlined interface, simplified workflows, one-click route adjustments, configurable grids, and expanded order visibility make it easier for traders to access the information they need and act on it quickly.
The result is a more efficient and intuitive trading experience that helps investment teams respond to market opportunities with greater speed while maintaining visibility and control throughout the execution process.
Get Faster Answers from Accounting Data
Accounting teams need more than static reports to understand fund activity. They need to move quickly from summary balances to the underlying detail, validate results, and investigate financial activity without jumping between multiple reports.
The new Trial Balance Workspace provides a dedicated accounting analysis experience within Eclipse. Users can navigate seamlessly from high-level balances down to the individual journal entry transactions that make them up.
The Trial Balance Workspace provides a dedicated view for analyzing balances and underlying accounting activity.
Four built-in financial statement views—including Trial Balance, Statement of Net Assets, Statement of Operations, and Statement of Owners' Equity—provide immediate access to the most common accounting perspectives. Additional dimensions such as Strategy, Custodian Account, Financial Account, Asset Class, Asset Type, and Symbol can be enabled to analyze balances at the level of detail required.
The workspace supports both dynamic accounting runs and finalized closed-period reporting, allowing teams to analyze current activity or review finalized results within a single experience. Summary and detail data can also be exported to Excel or CSV for additional analysis and reporting.
By bringing financial statement views, drill-down analysis, configurable dimensions, and reporting together in one place, the Trial Balance Workspace helps accounting teams answer questions faster, reduce time spent navigating reports, and focus more on analyzing and validating financial data.
Expand Pre-Trade Compliance Coverage
Eclipse continues to expand its comprehensive pre- and post-trade compliance capabilities with new pre-built rule templates for common trading scenarios. These templates help firms implement additional trading controls more quickly, reducing the effort required to configure frequently used compliance rules.
New templates include No Cross Trade and Duplicate Order rules, allowing firms to identify potentially conflicting or duplicate orders before they become operational issues. These rules can be evaluated before or after execution and configured at either the portfolio or firm level.
By providing configurable starting points for common compliance scenarios, Eclipse helps firms accelerate rule configuration, promote more consistent policy enforcement, and reduce the operational effort required to maintain compliance controls.
Technology That Keeps Pace with Modern Investment Management
Today's hedge funds need technology that evolves as quickly as the markets they operate in.
As strategies become more sophisticated and operational demands continue to grow, small improvements to everyday workflows can have a meaningful impact on productivity, accuracy, and execution.
The latest Eclipse enhancements reflect that philosophy.
By simplifying portfolio management, bringing greater visibility to complex trading workflows, streamlining execution processes, and making capital flow modeling more intuitive, Eclipse helps investment teams spend less time managing operational complexity and more time focused on delivering investment results.
Because in today's markets, success isn't determined solely by investment ideas; it's also driven by an organization's ability to execute those ideas efficiently, consistently, and at scale.
Learn more about Eclipse capabilities and what Eclipse can do for your Hedge Fund.
