
Unfiltered Finance! · 2026-06-05 · 31 min
In this episode of Unfiltered Finance , Ron Geffner sits down with David Goldstein of STP to break down the hidden operational side of hedge funds and private funds. They discuss what fund administrators actually do, how managers should choose service providers, why operational mistakes can become catastrophic, and how the fund industry has evolved from the “Wild West” days of hedge funds to today’s institutionalized environment. David also shares insight into the impact of AI, automation, private equity ownership, vendor commoditization, investor expectations, and why choosing the cheapest provider can become incredibly expensive long term . This episode is essential listening for hedge fund managers, emerging managers, fund operations professionals, allocators, and anyone trying to understand how private funds really function behind the scenes .