Corgi Funds Scales to 188 Active ETFs with Clearwater Analytics Automation

Quick Summary

Corgi Funds has partnered with Clearwater Analytics to automate its ETF expansion, scaling from zero to 188 active funds in months. By implementing the Enfusion platform, the firm eliminates manual processes in basket construction and NAV alignment, enabling rapid institutional-grade growth without increasing back-office headcount.

How Does Clearwater Analytics Support Rapid ETF Expansion?

Clearwater Analytics provides the essential infrastructure for firms like Corgi Funds to manage high-volume fund lineups without the traditional operational drag. The Enfusion platform automates the critical ETF creation and redemption process, ensuring that fund prices remain perfectly aligned with net asset value (NAV) without manual intervention. This level of automation is vital for maintaining institutional-grade investment management while scaling at an unprecedented pace.

• 188 active funds launched in just a few months.
• Automated pre-trade compliance at the point of order.
• Integrated OMS and PMS for centralized position management.

What Operational Challenges Does Enfusion Solve for Asset Managers?

As fund lineups grow, manual operational processes often become a bottleneck that prevents further expansion. Enfusion by Clearwater Analytics addresses this by providing a single source of truth for portfolio management and trading. By consolidating workflows, managers can handle complex active mandates across a large lineup in one place, significantly reducing the risk of errors in basket construction and reconciliation.

• Elimination of fund-by-fund manual reporting.
• Managed services covering trade operations and reconciliation.
• Scalable infrastructure for lean operational teams.

Why Are Emerging ETF Issuers Prioritizing Automation?

A new generation of institutional ETF issuers is entering the market with lean teams and aggressive growth targets. To succeed, these firms must establish a robust operational model early. By leveraging Clearwater Analytics, issuers can focus on building their business and launching new products rather than managing back-office complexity. This "agentic" approach to investment management allows for rapid market entry and sustained growth.

FF NEWS TAKE:

The speed at which Corgi Funds scaled to 188 active funds is a clear signal that the barrier to entry for institutional-grade ETF issuance has shifted from headcount to technology. Clearwater Analytics is moving the needle by proving that a lean, tech-first approach can outperform traditional back-office models. This partnership highlights a growing trend where ETF expansion is no longer a game of operational endurance, but one of platform scalability.