Case Study
Magnetar Capital: Leading Alternative Asset Manager
Magnetar Capital is a global investment firm that works with Satellite to maintain and improve complex internal technology systems, empowering Magnetar’s in-house team to focus on architecture and higher-level decisions
View WebsiteOverview
Magnetar partnered with Satellite in 2020 to help improve and scale its existing technology systems, which it relies on for a range of business-critical purposes in its risk management, investment, analytics and other functions. Over the first 4 years of partnership, the team grew from 3 initial members to 12 members, with expanded responsibilities across the company.
Key Challenges
As a leading investment management firm across multiple asset classes, Magnetar Capital faced a growing tech stack, increasing business complexity and legacy systems. They were interested in a way to rapidly scale their IT team while ensuring the utmost security and technical quality.
1
Complex Business Logic
Translating sophisticated financial models across multiple asset classes into precise, high-performance code for accurate risk analysis.
2
High Compliance Reqs
Adhering to strict regulatory frameworks to ensure rigorous data security, governance, and audit readiness for sensitive financial information.
3
Legacy Tech Systems
Modernizing complex and difficult-to-maintain legacy VBA scripts into a scalable, high-performance cloud architecture.
Solution
Flexible Team Scaling
Satellite provided a dedicated software development team that was able to quickly grow to meet Magnetar’s changing business requirements, growing from 3 -> 12 team members over the course of a multi-year partnership between the businesses.
Agile Approach
The Magnetar-Satellite team embraced a “crawl-walk-run” approach to ensure that the core requirements of security and quality were always met. We worked collaboratively and consistently to build the right team with the right processes.
Shifted Hours & English Skills
Satellite engineers work shifted hours to maximize overlap with Magnetar’s U.S. time zone. By prioritizing advanced English proficiency, we eliminate communication silos and enable real-time collaboration for faster decision-making.
Technical Stack
Satellite works across a number of Magnetar systems, with Python and C# (.NET) being the primary coding languages. Our primary databases for the work are SQL-based, hosting is on Azure and we leverage PowerBI to assist with analytics and reporting.
