ANSATZ · FOR INVESTMENT MANAGERS

Software for funds that
outgrew spreadsheets.

Ops, reporting, and the investment process itself — encoded into software.

Sound familiar?

The fund scaled. The ops stack didn't.

01
THE DUCT-TAPE OPS STACK

Spreadsheets and Email

The stack held together when the fund was smaller. It doesn't hold now. One ops person understands the reconciliation workflow, and they're drowning.

  • Positions live across Bloomberg, Addepar, and prime broker portals — reconciliation lands in Excel
  • Every month-end is a fire drill; every allocator data request is a two-day project
  • When the ops person goes on vacation, the wheels come off
02
THE PROCESS IN THE PM'S HEAD

Undocumentable Alpha

The framework is in the deck. Allocators ask about it every meeting. But you can't answer "what's our exposure to theme three right now" without an analyst pulling positions and categorizing them by hand.

  • The investment process is real — it just isn't legible to software
  • Nobody can trace a position back to a thesis without interviewing the PM
  • Allocators increasingly expect systematic infrastructure from discretionary managers
03
THE COPY-PASTE TAX

Analyst Time, Burned

You hired analysts to evaluate positions. Half their week is spent moving numbers between systems. You know it's wrong. Nobody has the bandwidth to fix it.

  • Daily and weekly reporting runs on copy-paste between OMS, prime broker, and Excel
  • Twenty hours a week of analyst time is $75–150K a year burned on work software should handle
  • A formula error in reconciliation doesn't just waste time — it misprices decisions
TWO SHAPES OF WORK

What we build.

Most engagements combine them.

01

Ops Automation

Reconciliation pipelines, reporting, broker integrations, internal ops tools. The work that stops month-end from being a fire drill and allocator data requests from being a two-day project.

Serves Ops, COO, finance.
02

Investment Process in Software

Thesis tracking, exposure monitoring, analyst workflows — the PM's framework encoded in software instead of lived in his head. The systematic infrastructure allocators increasingly expect from discretionary managers.

Serves PM, analysts, IR.
WHY ANSATZ

Engineering without the translation cost.

Most engineers don't understand finance. Most finance people can't build.

01

Domain context, built in.

A decade-plus of production engineering plus a working systematic trading infrastructure behind the practice. No three-month ramp to understand what your deck is describing, and no guessing about which problems are worth solving in software.

02

Working software, not recommendations.

The deliverable is code your ops team uses the next week. Audits produce specific scopes, not general roadmaps. Spike projects produce shipped systems, not slide decks about shipped systems.

03

Fixed scope, fixed price, defined end.

Every engagement has a stopping point agreed to up front. Spikes are fixed-price, fixed-timeline. Retainers are month-to-month with thirty-day cancellation. No open-ended burn.

04

Clean handoff.

Code, documentation, and the institutional knowledge to maintain it stay with the fund. Ansatz is built to be useful, not resident. When an engagement ends, the ops team owns everything.

HOW IT WORKS

A typical engagement.

Audit to scope. Spike to ship. Retainer when it's ongoing.

1
START HERE Starting at $3,500 · 1–2 weeks

Operations Audit

Know what's actually worth building.

A week or two inside the workflow — conversations with ops, analysts, and the PM, plus a review of current systems and spreadsheets. Output: a specific list of what to automate, what to build, and what to leave alone. No obligation to continue.

2
THE BUILD $15–25K · 4–6 weeks · fixed scope

Spike Project

A discrete thing, shipped.

A targeted build based on the audit: a reconciliation automation, a reporting pipeline, a thesis tracker, a framework encoded in software. Fixed price, fixed scope, fixed timeline. Demo by week two, shipped by week six.

Ops Automation · Reconciliation, reporting, pipelines Investment Process in Software · Thesis, exposure, workflow
3
THE PARTNERSHIP $300–500/hr · 5–10 hrs/week

Engineering Retainer

A senior engineer on call.

For funds with multiple small projects or continuous integration work — ongoing partnership without the cost or ramp of a full-time hire. Month-to-month. Thirty-day cancellation.

A finance-literate engineer at market costs $200–350K loaded. A retainer delivers the same capability in proportion to the work, without the hire.

Build your fund's operating system.

Fifteen-minute intro call. No pitch — if there's a fit, we figure out the right first engagement. If not, we say so.

Book an intro call

Or email [email protected] with a sentence about your fund.

Frequently Asked Questions

The stuff you're probably wondering.