Case Study: Quantopian achieves accurate algorithm-level P&L attribution and streamlined operations with SS&C Technologies

Geneva® and Advent Outsourcing Services™ support a unique quantitative investment model

Quantopian, a Boston-based crowdsourced quantitative investment manager, needed to account for and pay performance-based royalties (10% to successful algorithm authors) while handling highly granular P&L attribution across many standalone strategies. To meet these unique accounting and mid-/back-office needs, Quantopian selected SS&C Technologies' Geneva portfolio management platform and deployed it via Advent Outsourcing Services.

SS&C Technologies delivered Geneva in the cloud and provided Advent Outsourcing Services to perform overnight file processing, reconciliations and ongoing operational support. The result is fast, accurate strategy-level P&L allocation for royalty payouts, daily start-of-day reconciliations (with service-team notifications arriving by about 6:45–7:45 AM), reduced internal IT and operations overhead, and direct access to Geneva experts—improving operational resiliency and speeding Quantopian’s ability to evaluate and compensate algorithm authors.

Quantopian

Marc Volpe

Chief Financial Officer