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Citi Prime Finance’s 2011 IT Trends & Benchmarks Survey
Large Hedge Fund Benchmarks [Manager’s with AUM between $3 billion and
$5 billion USD]
Large Funds
: Total IT Spend
• More than half of large funds spend between $1 million
USD and $3 million USD on their IT budget in 2011.
More than a quarter spent more than that amount
• Total annual IT spending for large funds averages
$3.1 million USD
• On a percentage basis, total IT spending is
8 basis points of AUM
- 2.5 bps – personnel
- 1.5 bps – hardware & networks
- 1.5 bps – software
- 2.5 bps – data
Source: Citi Prime Finance
$500 - $1M
$1M - $3M
$6M - $10M
57%
14%
15%
14%
$3M - $6M
Large Funds: Total IT Spend
31%
35%
15%
19%
Software
IT Personnel
Data
Source: Citi Prime Finance
Large Funds: Total IT Spend by Category
Hardware
& Network
Large Funds
: IT Spend by Catagory
• Data reaches its highest proportionate percentage
of IT budget in the large-fund segment
Total IT Spend