Application Service Provider

Name

Application Service Provider

Legal name

ASPService, LLC

Website

https://aspservice.net

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

ASPService, LLC provides web-based SaaS portfolio management software for hedge fund managers, offering PIPEManager for PIPE strategy managers and Long/ShortManager for market neutral managers with real-time valuation, risk management, and investor reporting.

Ownership category

akta.pro rank

Product category

Hedge Fund Portfolio Management Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)

Keywords

• Hedge fund software
• Portfolio management software
• PIPE investment management
• Long short fund management
• Risk management tools

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software-as-a-Service (SaaS) Subscription: ASP Service operates as an Application Service Provider, delivering portfolio management software on a subscription basis. The company provides hosted web-based applications to hedge fund managers, eliminating the need for clients to build and maintain their own expensive proprietary systems.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

ASPService, LLC delivers Software-as-a-Service (ASP) portfolio management applications specifically designed for hedge fund portfolio managers. The company offers two highly customizable web-based platforms — PIPEManager for PIPE (Private Investment in Public Equity) strategy managers and Long/ShortManager for market-neutral managers — that manage portfolio operations outside of trade execution, including valuation, risk management, investor reporting, and integration with trading platforms.

Product overview

ASPService provides two highly customizable portfolio management platforms for hedge fund managers: PIPEManager for PIPE strategy managers requiring near real-time portfolio valuation and detailed investor reporting, and Long/ShortManager for market neutral long/short managers needing sophisticated risk management tools with flexible beta calculations. Both platforms manage all aspects of portfolio operations outside of trade executions and can integrate with trading platforms via open APIs to provide real-time trade information capture.

Differentiator

Problem solved

Functional benefit

Brands

• PIPEManager: Portfolio management platform for PIPE strategy managers with near real-time valuation and detailed reporting capabilities.
• Long/ShortManager

Products and services

• PIPEManager A highly customizable web-based portfolio management platform for PIPE (Private Investment in Public Equity) strategy managers. Provides near real-time valuation with rules-based systematic valuations, deal and investment tracking across multiple security types, warrant exercise and conversion management, interest and amortization schedule tracking, automated investor reporting with audit trails, and customizable reports by client. Designed for fund managers needing near real-time portfolio visibility and detailed investor servicing.
• Long/ShortManager A highly customizable web-based portfolio management platform for long/short market neutral fund managers. Features trade information capture (batch import or manual entry), portfolio accounting at fund and managed account level, real-time P&L tracking, performance measurement with user-defined stop loss alerts and trailing stops, real-time risk management with exposure determination by sub-sector, beta-adjusted, gross/net sector, and market cap, user-defined beta calculations by position, user-defined benchmarks, customizable client reports, Excel export, and full integration with Bloomberg and other third-party or in-house systems.

Quantifiable outcome

• Fund managers can access professional portfolio management tools without the traditional $500M+ AUM requirement
• +1 more outcomes

Named customers3 records

Segments3 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

Feature7 records

Scale indicators1 record

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• Finastra: Finastra provides broad capital markets and asset management software including solutions serving hedge funds. A large incumbent whose broader portfolio competes for the same hedge fund software budgets ASP Service targets.
• FIS (FIS Hedge Fund solutions): FIS provides investment and asset management software including capabilities relevant to hedge fund accounting and reporting. A large incumbent competing for the same operational software wallet share ASP Service addresses.
• Bloomberg AIM: Bloomberg's Asset and Investment Manager (AIM) platform offers order management, portfolio, and compliance workflows for buy-side firms including hedge funds. A broader incumbent whose integration with Bloomberg Terminal ASP Service also claims.

Direct peers

• Charles River Development: Charles River (a State Street company) provides an investment management platform covering portfolio management, trading, and compliance for buy-side firms including hedge funds. Comparable product scope for the hedge fund operations layer ASP Service addresses.
• Backstop Solutions: Backstop provides investor accounting, CRM, and reporting software purpose-built for hedge funds and alternative investment managers. Directly comparable to ASP Service's investor reporting and audit-trail functionality.
• Linedata: Linedata provides portfolio management, trading, and fund accounting software tailored to hedge funds and asset managers. Overlaps with ASP Service across portfolio accounting, valuation, and reporting workflows for the same buyer persona.
• Eze Software (SS&C Eze): Eze provides order management, execution, and portfolio management software for hedge funds and institutional buy-side firms. Overlaps with ASP Service on portfolio management workflows outside trade execution for a similar hedge fund customer base.
• SS&C Advent (Geneva): SS&C's Geneva platform provides portfolio accounting, reporting, and operational workflows for hedge funds and asset managers. Directly competes with ASP Service's PIPEManager and Long/ShortManager across the same fund-manager buyer base.
• Broadridge (Paladyne): Broadridge's Paladyne platform delivers front-, middle-, and back-office solutions for hedge funds and asset managers. Directly comparable to ASP Service in serving hedge fund operational workflows with integrated reporting.

Emerging players

• Enfusion: Enfusion offers a cloud-native investment management platform for hedge funds covering portfolio management, accounting, and reporting. Comparable newer-generation SaaS offering targeting the same hedge fund operations layer ASP Service addresses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Application Service Provider