Case Study: Ghost Tree Capital achieves scalable, streamlined operations and faster strategy launches with Enfusion

Ghost Tree Capital found new ways to grow tall and branch out with Enfusion

Ghost Tree Capital, a long/short hedge fund with $426 million AUM, had outgrown its homegrown Excel tools and legacy systems as it expanded to six funds and contemplated launching a second investment strategy. The firm faced time-consuming manual data entry, reporting that couldn’t break out portfolios by strategy, and no pari-passu trade allocation—challenges that made a systems migration feel daunting. Ghost Tree selected Enfusion’s integrated solution (Portfolio Management System, Order and Execution Management System, and Accounting) to address these gaps.

Enfusion delivered a cloud-native, front-to-back platform, converting Ghost Tree’s reports and migrating data in eight weeks, and enabled automated pari-passu trade splitting, daily reconciliations, automated postings, and shadow accounting. The implementation eliminated most manual work, streamlined middle- and back-office operations, and gave Ghost Tree the scalability and operational reach of a much larger firm—allowing them to confidently pursue a new strategy and present greater confidence to investors.

Ghost Tree Capital

Matt Diaz

Chie Financial Officer