HedgeGuard

What HedgeGuard does

HedgeGuard is a Paris-based FinTech founded in 2006 by Imad Warde (ex-Rothschild hedge fund risk management) that provides a unified Portfolio Management System plus integrated Middle Office outsourcing to hedge funds, asset managers, family offices, and crypto funds. The company positions itself as eliminating the operational disconnects that occur when firms stitch together separate Front Office and operations vendors, and serves clients globally via offices in Paris (HQ), Boston, Sydney, and Beirut.

The platform is built around two core product lines — a Traditional Finance PMS (covering order management, position keeping, cash management, financial instruments, risk and compliance, and configurable reporting) and a Crypto Portfolio Management System launched in 2017-2018 that adds connectivity to crypto exchanges, custodians, and blockchain-based liquidity protocols. An Investment Book of Record sits at the core, providing real-time position tracking and J+1/J+2 reporting across both asset classes. Deployment options include a cloud-based SaaS hosted on Microsoft Azure and OVH infrastructure in France, or on-premise installation.

Revenue is generated through two complementary streams: recurring SaaS subscriptions for the PMS and managed-services fees for outsourced Middle Office work performed by HedgeGuard's own analysts (NAV calculation, reconciliation, cash management). Go-to-market is enterprise field sales with regional reps in EMEA, Americas, and APAC, qualifying prospects by AUM tier ($0-10M, $10M-100M, $100M+). The customer base includes Metori (since 2017), LFPI Asset Management (since 2012), Erasmus Gestion (since 2013), Tyr Capital, Napoleon X, Frijt Capital, and JST, with implementations averaging approximately 6 months. To date the company has raised approximately €9 million across funding rounds in 2014, 2016, and 2019.

Name

HedgeGuard

Legal name

HedgeGuard Financial Software

Website

https://hedgeguard.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

HedgeGuard is a Paris-based FinTech founded in 2006 providing Portfolio Management System software and Middle Office outsourcing to hedge funds, asset managers, family offices, and crypto funds. Its offering spans both Traditional Finance and Crypto PMS, delivered as SaaS or on-premise.

Ownership category

akta.pro rank

Product category

Investment Management Software

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Crypto portfolio management
• Investment management software
• Middle office outsourcing
• Hedge fund technology
• Asset management software

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Portfolio Management System Subscription: SaaS-based portfolio management software provided as subscription service with cloud hosting options. Implementation services included as part of onboarding.
2. Middle Office Outsourcing Services: Outsourced middle office services provided as ongoing operational support including daily reconciliation, NAV calculation, and compliance monitoring

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

HedgeGuard provides a Front-to-back Portfolio Management System (PMS) and Middle Office outsourcing services for hedge funds, asset managers, family offices, and crypto funds. The platform covers order management, position keeping, cash management, risk and compliance, reporting, and third-party connectivity, supporting both traditional and digital asset classes. Delivered as a SaaS cloud solution or on-premise, with an integrated outsourced Middle Office team performing NAV calculation, reconciliation, and compliance monitoring.

Product overview

HedgeGuard offers a unified platform combining a configurable front-to-back Portfolio Management System with an integrated Middle Office Outsourcing service. The product architecture includes two core PMS offerings: the Traditional Finance Portfolio Management System for hedge funds, asset managers, and family offices, and the Crypto Portfolio Management System for cryptocurrency fund managers. Both core systems share modular components including Order Management System, Position Keeping, Cash Management, Risk & Compliance, Reporting, and Third-Party Connectivity modules. The Middle Office Outsourcing service is positioned as a fully integrated extension of the platform rather than a standalone add-on, allowing HedgeGuard's team of analysts to work directly within the PMS to deliver services. The solution is delivered either as SaaS hosted on Microsoft Azure and OVH infrastructure, or as an on-premises installation.

Differentiator

Problem solved

Functional benefit

Products and services

• Crypto Portfolio Management System Front-to-back Portfolio Management System purpose-built for cryptocurrency fund managers and crypto asset managers. Enables management of crypto portfolios in a single platform with connectivity to crypto exchanges, custodians, and blockchain protocols such as Qredo, and counterparty connections across the crypto ecosystem.
• Traditional Finance Portfolio Management System Front-to-back investment management software for hedge funds, asset managers, and family offices managing traditional financial instruments. Highly configurable front-office to back-office platform with order management, position keeping, cash management, financial instruments coverage, risk and compliance, reporting, and third-party connectivity to execution platforms, market data providers, custodians, administrators, and brokers.
• Middle Office Outsourcing Fully integrated middle office outsourcing service that provides asset managers with a dedicated team of experts handling cash management, operational management, NAV calculation, daily reconciliation, post-trade compliance, liquidity management, and backup capabilities. Functions as an extension of the client's team within the PMS, available as a standalone or combined with the Traditional Finance / Crypto PMS offerings.

Quantifiable outcome

• 30% sales revenue growth in 2019
• +1 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Bitpanda ProcoreTechnology or Integration · 1 July 2021Strategic collaboration with regulated European crypto exchange Bitpanda Pro. Integration allows HedgeGuard's crypto fund clients to connect to Bitpanda Pro for trading and liquidity. Improves operational efficiency and ability to scale crypto fund businesses.
• Tyr CapitalcoreTechnology or Integration · 1 March 2021Leading cryptocurrency hedge fund Tyr Capital Arbitrage SP partnered with HedgeGuard to increase operational efficiency of fund activities using HedgeGuard's technology.
• QredocoreStrategic or Co-development Partner · 1 October 2020Strategic partnership combining HedgeGuard's crypto portfolio management platform with Qredo's inter-blockchain liquidity protocol. Connected to major crypto liquidity providers and top 15 crypto exchanges including Binance. Solves liquidity challenges for crypto funds.
• ExoeminorImplementation/ SI/ Consulting Partner · 1 June 2020Outsourced trading desk Exoe and HedgeGuard strengthened their collaboration started 5+ years ago. Partnership enables HedgeGuard clients to connect to a performant execution desk.
• OVHcoreOthersPrimary hosting service provider for production servers. OVH hosts HedgeGuard's servers located in France for SaaS solution delivery.
• Microsoft AzurecoreOthersCloud infrastructure provider for application and data hosting with servers located in France for SaaS deployments.
• UnikwebminorImplementation/ SI/ Consulting PartnerWebsite design and development agency headquartered at 10 rue de Penthievre, 75008 Paris. Responsible for HedgeGuard's website design and development.

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• SimCorp Dimension: Established investment management software platform used by large asset managers, insurance companies, and pension funds — overlaps with HedgeGuard on portfolio management, accounting, and reporting but serves a broader, larger-client base with significantly more scale.
• FIS (FIS Private Equity & Investment Performance): Large financial technology incumbent offering investment management and back-office solutions (including through acquired SunGard products) — overlapping with HedgeGuard on PMS and middle office functionality but serving a much broader client base across multiple financial verticals.

Direct peers

• SS&C Eze: SS&C's Eze EMS and Eze PMA are widely deployed front-to-back PMS/OMS platforms serving hedge funds and asset managers — directly competitive with HedgeGuard's Traditional Finance PMS across order management, position keeping, and reporting modules.
• FundCount: Integrated accounting and portfolio management software for hedge funds, family offices, and asset managers — comparable in scope and target market to HedgeGuard's PMS, often cited as a competing mid-market alternative.
• Advent Geneva (SS&C): Geneva is a leading portfolio management and accounting platform for hedge funds and asset managers, owned by SS&C — competing head-to-head with HedgeGuard's PMS in the traditional hedge fund segment, particularly for larger AUM accounts.
• Bloomberg AIM: Bloomberg's Asset and Investment Manager platform is a widely used order management, execution, and portfolio management system for buy-side institutions — directly competitive with HedgeGuard's OMS and position keeping modules, with deep integration into Bloomberg's data and execution network.
• Enfusion: Cloud-native investment management platform providing front-to-back PMS, OMS, and middle office services to hedge funds and asset managers — the closest direct competitor to HedgeGuard's traditional PMS offering, with comparable integrated workflow and similar target buyers.

Emerging players

• Imagineer (formerly APEX:E3): Provides portfolio management, accounting, and CRM software tailored to emerging and crypto-native hedge fund managers — directly comparable to HedgeGuard's Crypto PMS offering with similar focus on digital asset workflows.
• BlockQuake: Crypto-native asset management platform offering portfolio tracking and trading for crypto funds — partial overlap with HedgeGuard's Crypto PMS, focused on smaller and emerging crypto fund managers.
• Caspian (now part of BitGo): Institutional crypto portfolio management and trading platform acquired by BitGo — competes in the same crypto fund management software niche as HedgeGuard's Crypto PMS, with overlapping multi-exchange connectivity and position management features.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Hedgeguard
• YouTubeyoutube.com/channel/UCe76Z7SP8TS7TP_yThPEh9g
• LinkedInlinkedin.com/company/hedgeguard-financial-software

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HedgeGuard