Custom software for alternative asset managers
Third Life Software builds custom software for hedge funds, private equity firms and other alternative asset managers. We have over twenty years experience and have worked with more than 50 funds. AI-assisted development lets us build production software in a fraction of the time at a fraction of the cost.
What we build
Delta Recon, our reconciliation product, came out of the same work.
Security master, portfolio monitoring, treasury, risk, compliance and operational workflow systems. Usually the thing a spreadsheet has been doing for too long.
Portfolio accounting, trading, risk, fund administration and whatever else holds the data. Ingestion, transformation, validation and automated processing, with failures surfaced rather than hidden.
Accounting, administrator, trading, risk and market data in one time-series single source of truth, so every report and every downstream system reads the same numbers. This is the work we have done most: two decades of warehouses for hedge funds and private equity managers, including the one behind the Geneva migration below.
Financial reporting, portfolio analytics, operational dashboards and automated report runs. Legacy reporting and complex Excel processes modernized, which usually means migrated and then retired.
Reconciliations, data validation, exception management, approvals and the recurring processes someone currently runs by hand.
Our reconciliation and operational controls product. Configurable matching, automated integrations, AI-assisted setup and break analysis. Built with the same process we use for client work.
deltarecon.aiHow we work
Custom financial software used to be expensive and slow: several developers, long schedules and a lot of coordination. That has changed. AI-assisted development is not a demo for us. It is how the projects below were built.
Every project is led by a senior engineer who works directly with you. Specialists are brought in when a project needs them.
We sit with the people who do the work and learn the systems, the data, the workflows and the problems. Together we define the end state and agree how to get there.
A working prototype arrives in days, so you can judge the approach before committing to the full build.
Once the approach is agreed, we set up the environment and the delivery process. Working software ships early and is refined through regular feedback from the people using it.
AI writes much of the code. An experienced engineer owns all of it: architecture, review, testing and deployment. Everything lives in secure, version-controlled repositories.
Selected work
About 350 hours. Estimated 1,500 to 2,000 the old way.
A fund moved from an in-house Geneva accounting system to its fund administrator's platform. We designed and built the data warehouse and migrated about 50 reports and data extracts.
The work took about 350 hours with AI-assisted development. On similar projects before that, the same scope took 1,500 to 2,000.
Built part-time in under three months
Delta Recon is our reconciliation and operational controls product: configurable reconciliation engines, automated data integrations, AI-assisted configuration and break analysis, exception management and operational dashboards.
It had been on the list for years. With AI-assisted development it was built part-time in under three months. deltarecon.ai
In use at three large investment firms
An Investran upgrade means re-validating every report. This platform runs the reports on both versions, finds the differences and uses AI to classify each one and explain what to fix.
Three large investment firms use it. It took most of the manual effort out of validating reports during their upgrades.
Financial systems
Geneva, Investran, fund administrator platforms, trading and portfolio accounting systems.
Engineering and data
Microsoft Azure, .NET, C#, SQL Server, Python, data warehousing, APIs and enterprise integrations.
Reporting and automation
Excel, VBA, financial reporting, workflow automation and AI-assisted development.
About
Third Life Software builds custom technology for hedge funds, private equity managers and other institutional investors. More than 50 funds so far, from small shops to some of the most complex books in the industry.
Cody Robertson founded the firm in New York in 2010. He started as a software engineer at Microsoft, consulted for venture-funded startups in the Bay Area, then spent eight years in New York building data warehouse and reporting platforms for some of the most prominent hedge funds in the world. He is back in the Bay Area now. BA in Business Administration and Management Information Systems, Western Washington University.
Replacing a manual process, connecting systems, modernizing reporting or building something new. Send a note and we will talk it through.