Case Study: Quantopian achieves accurate P&L attribution and streamlined outsourced operations with SS&C Advent’s Geneva and Advent Outsourcing Services

Quantopian - Customer Case Study

Quantopian, founded in 2011, combines an open-source algorithm development platform with institutional asset management—crowdsourcing trading strategies for its 1337 Street Fund and paying authors a 10% performance royalty. That novel model created complex, strategy-level accounting and start-of-day reconciliation needs, so Quantopian selected SS&C Advent’s Geneva platform and Advent Outsourcing Services to handle fund accounting and outsourced mid- and back-office operations.

SS&C Advent implemented Geneva in the cloud via Advent Outsourcing Services and provided overnight operational support and access to Geneva development experts. The solution lets Quantopian set up each algorithm as a standalone strategy to calculate P&L and royalty payouts, delivers reconciliations processed by the Advent team before the U.S. trading day (files handled by ~4 AM Eastern with reconciliation notices arriving before the CFO starts), and reduces internal IT and operations overhead—enabling fast, accurate P&L allocations, monthly performance snapshots for authors, and more time for Quantopian’s team to focus on research and analysis.

Quantopian

Marc Volpe

Chief Financial Officer