Stanford University Business Case Study
GlobeOp: Enabling Hedge Funds, 2000-2003 (link)
GlobeOp Financial Services is the first hedge fund administrator to be featured in a business model case study developed for classroom use by the Stanford University’s Graduate School of Business. The case study, ‘GlobeOp: Enabling hedge funds, 2000-2003’ is the first of two parts. It documents GlobeOp’s foundation in 2000 and strategic decisions during its first three years in operation, including:
"GlobeOp exemplifies the strategic value of cutting-edge technology in an entrepreneurial, global organization." - Professor Glenn R. Carroll, Stanford Graduate School of Business, Stanford University.
- Identifying and targeting an opportunity, defending market position, effectively managing growth and stabilizing the organization.
- Establishing a significant presence in India to optimize scalability and time zones, and subsequently provide its global client base with comprehensive 24/5 service.
- Growth from a small core team of 20 people to a business employing more than 400 staff and servicing 82 hedge fund clients controlling more than $26 billion in assets. (GlobeOp today employs 1700 people, serving 155 clients representing $102 billion in assets under management [AUM].)
The study also discusses GlobeOp’s responses to market opportunities, client demands and resourcing challenges, which paralleled financial technology innovations and the expansion of its client base from hedge funds to funds of hedge funds.
The second part of the Stanford case study documenting GlobeOp’s history from 2003 to the present is in development.