Fund compensation and finance systems
Compensation modelling and management for hedge funds and investment firms.
Model portfolio-manager economics and employee compensation in one controlled platform. Connect agreements, performance and costs to explainable calculations, accruals, payment forecasts and employee statements.
See Waterline Compensation in action. Start with a no-fee product walkthrough.
Start a conversationCompensation across your firm
Connect investment performance, agreed costs and individual contracts to compensation outcomes. Model payout arrangements, guarantees, loss carryforwards, team participation and deferrals.
Explain the result and how it changes as performance, costs and contractual terms develop through the year.
Explore portfolio-manager economicsBring salaries, discretionary awards, guarantees, sign-on and retention awards, deferred compensation and employer costs into the same financial view.
Review proposed awards and changes to employment terms, with visibility of expense, expected payments and outstanding obligations.
Explore employee compensationThe compensation lifecycle
Portfolio-manager economics and employee compensation follow the same controlled process: agreed terms and source data, explainable calculations, review and release.
Manage complex individual arrangements within a consistent, reviewable process.
Explore economic terms 02 / Source inputsWork with P&L, expenses, allocations and management assumptions. Keep the reporting period and the people behind the figures in view.
Explore source information 03 / Calculation & financeSeparate accounting expense from cash payments. Compare periods, investigate changes and understand outstanding commitments.
Explore finance & payments 04 / Review & releaseTake awards from draft through review, approval and document preparation. See the issues that need attention before release.
Explore review & releaseFit with your existing systems
Begin with portfolio-manager economics, employee compensation, or both.
Add specialist compensation modelling while retaining the systems and responsibilities that already work for your firm.
Evaluate Waterline against your current requirements and agree the coverage, migration and controls needed for a replacement.
Bring workbook-based compensation processes into a shared platform with consistent records, calculations and review.
Data sources, interfaces, migration and responsibilities are agreed during implementation. Payment schedules and payroll or accounting outputs support downstream processing; Waterline does not execute bank payments.
Discuss your firm's scopeStart with a no-fee product walkthrough. A configured evaluation is a separate, paid and scoped engagement using agreed data and acceptance criteria.
Across your firm
HR, finance, management and employees need different perspectives on the same compensation arrangements. Waterline brings those perspectives into one platform, with access appropriate to each role.
HR & compensation accounting
A contract changes. HR checks the terms; compensation, fund and corporate accounting teams review the effects on costs and payment schedules.
Keep the agreement, the recorded terms and the financial view connected, rather than passing another version of a workbook between teams.
Explore the contract review workflow
CFO, COO & management
At month-end or ahead of an award review, see how compensation costs have changed, what is expected to be paid and what remains outstanding.
Explore the effect of proposed changes and follow a movement from a team total to its individual contributors.
Explore the compensation balance sheet
Portfolio managers & employees
Give individuals a place to review the compensation statements and deferred-award documents made available to them, acknowledge a release and raise a question.
Personal information stays within the employee's permitted view. An indicative calculation and an approved statement remain distinct.
Explore the employee perspectiveWorkplace scenes are illustrative and do not depict clients, founders or employees of Waterline.
AI assistance, with human review
Use AI to assist with document review and questions about recorded information. Keep compensation calculations, approvals and release decisions within the platform's controlled workflows.
Bring salary, payment and award terms into a structured review, with the supporting contract wording alongside. Validate the proposal before applying changes, with separate modelling review for more complex arrangements.
See a contract reviewAsk about compensation records, calculation evidence or items awaiting attention. The assistant uses authorised platform information to support investigation, not to replace a calculation or approval.
Explore AI assistanceWaterline supports locally hosted AI models. With a local model configured, contract text and question context can be processed within your controlled environment without sending them to an external AI provider.
Our team
Co-Founder, CEO and Chief Technology Officer
Richard has thirty years' experience as a Strat. He began his career as a graduate in JPMorgan Chase's Capital Markets Division.
During ten years at Goldman Sachs, he designed derivatives trading and risk systems and created CPNL, a key GS risk-management platform. He also spent four years leading debt-strategy and control-platform initiatives at Deutsche Bank.
At Eisler Capital, he designed and led Blueprint, a passthrough fund compensation and economics platform. He built Waterline as a new working product and leads its architecture, engineering and company development.
Co-Founder, COO and Chief Commercial Officer
Didier spent twenty years at Goldman Sachs in senior product-control leadership, including Managing Director roles.
He served as CFO and CRO from inception of Eisler Capital, a multi-strategy investment manager, with responsibilities extending to Treasury and Investor Relations.
At Eisler, he chaired the stakeholder working group covering compensation and fund economics, shaping finance, risk, control and user requirements. He brings senior client, operating, governance and commercial judgement to Waterline.
Waterline is a new, independently developed product.
We welcome design-partner and pilot discussions. A no-fee walkthrough introduces the working product; a configured evaluation is a separate, paid and scoped engagement using agreed data.