Model expected outcomes
Maintain a consistent view of awards, accruals, allocations, and payment impacts as P&L and commercial assumptions change.
Hedge fund compensation and fund economics systems
W A T E R L I N E Economics
Waterline Economics is building Waterline PM, a compensation modelling and management platform for hedge funds, multi-manager platforms, and alternative investment managers with sensitive portfolio-manager economics.
The aim is to help finance and management teams move from fragile spreadsheet-led processes toward a more structured, auditable, and repeatable operating model.
Day-one product
Compensation modelling and management for fund economics.
Designed for
Hedge funds, multi-PM businesses, and alternative investment managers.
Launch mode
Selective design-partner and pilot user discussions.
What Waterline PM does
Controlled modelling for commercially sensitive fund economics.
Waterline PM is intended to support finance, COO, CFO, product-control, HR, and senior management teams during the year, not only at year-end.
Preserve judgement
The system supports commercial ownership. It is not designed to automate pay decisions or replace management judgement.
Reduce process risk
Bring structure, version control, review state, and audit trail to work that is often held in workbooks and email trails.
Control visibility
Share only the views each stakeholder should see, with detailed materials handled through private access.
Likely fit
For funds where compensation is material, bespoke, and operationally sensitive.
Waterline PM is most relevant where a fund has multiple portfolio managers, trading teams, or bespoke economic arrangements, and where spreadsheets have become an operating risk.
The early focus is smaller and mid-sized hedge funds and multi-PM businesses, with larger platforms potentially useful as design partners, reference clients, or strategic users.
The strongest conversations are with people who own or understand the current process: CFOs, COOs, senior finance, product control, HR, founders, CIOs, and management teams.