GlobeOp (B), Organizing for Hedge Fund Growth, 2003 to 2008 Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

GlobeOp (B), Organizing for Hedge Fund Growth, 2003 to 2008 Case Solution

By 2008, GlobeOp had actually specified practical management with procedures, and established the innovation to support such individuals and procedures. However the roadway to that point had actually not been simple. Normal of numerous development business, GlobeOp had actually dealt with a number of internal and external difficulties that checked the abilities and persistence of its management group. Moreover, on the item side, GlobeOp had actually started to unbundle its items and target brand-new customers, which needed a brand-new focus on marketing and sales. As Hufschmid assessed the business's course, he questioned whether he and his group had actually made all the optimum choices while growing the business, and more significantly, the best ways to draw up the future of GlobeOp, provided his desire for ongoing enhancement and development.

By 2008, GlobeOp was a leader in technology-enabled middle- and back-office assistance services and fund administration for hedge funds, fund supervisors, household wealth supervisors, and institutional financiers, serving a lot more than 160 customers around the world (55 percent in the United States and the rest in Europe, besides a couple of in Asia). Now with an overall of over US$ 100 billion in properties under administration (AUA), the business had actually paid given that its 2nd year of operations (2001). GlobeOp used over 1,700 individuals in each of its workplaces-- London, New York, Dublin, Ireland, the Cayman Islands, Harrison, New York, Hartford, Connecticut, and Mumbai, India. In fact, two-thirds of the business's workers were based in India by 2008. In regards to services to its customers, GlobeOp managed a broad scheme instrumental post-execution of a trade.

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