They soon found that sharing essential financial information among investors, banks, trustees and the courts was cumbersome, inaccurate and insecure. Each institution had its own silo-based system that couldn’t communicate with others. To resolve the crisis and prevent it happening again the industry desperately needed transparency of data and close collaboration between diverse parties, but the infrastructure didn’t exist.
Sam and Bret invested their own time and money to solve the problem. It helped them achieve double the return on investment of comparable portfolios – in half the time.