What’s actually Day-1 for a ~50-person hedge fund

The layer cake has ~40 rows. A 50-person fund does not buy 40 things. This page is the opinionated minimum: what you genuinely need before letting staff and agents use AI on real data, what you almost certainly already own, and what’s safe to defer. Written for the CTO who has to say “yes, we can use AI” without creating an MNPI-leak or a model-risk finding.

The premise

A 50-person fund’s reality: small IT/security team, heavy reliance on a Microsoft or Google estate, mostly-SaaS, a few power users who want ChatGPT/Claude/Copilot and maybe some agents. The dominant risks are (1) MNPI/client data leaking into a public model, (2) the AI surfacing data someone shouldn’t see, and (3) a regulator/allocator asking “how do you govern this?” Everything below serves those three.

Tier 0 — you (almost certainly) already own it; just extend to AI

These are not new purchases — confirm they cover AI and move on.

Tier 1 — genuinely Day-1 new work for AI

The short list that actually needs attention before go-live:

NeedWhyRealistic pick
Governed assistantThe thing people use; gives you logging/no-train/SSOenterprise-ai-assistant: ChatGPT/Claude Enterprise or M365 Copilot
AI gatewayOne audit log + egress chokepoint + spend controlai-gateway: litellm (OSS) or portkey; or your SASE/Cloudflare
Shadow-AI / prompt DLPStop MNPI pasted into public AIai-access-governance / dlp: witnessai, cyberhaven, or SASE-native
Entitlement-aware RAG (if doing RAG)AI must not surface forbidden docsentitlement-aware-rag: Copilot+microsoft-graph or glean
Data hygiene (if doing RAG)Fix oversharing before RAG amplifies itdspm/data-access-governance: microsoft-purview, varonis
AI runtime security (if building apps/agents)Block injection/leak inlineai-runtime-security: bundle from your platform, or hiddenlayer/witnessai

Tier 1 — process (cheap, do it now)

These cost little but matter most to allocators/regulators:

  • acceptable-use-policies — the cheapest control there is. Write it, everyone signs.
  • risk-tiers — classify AI use cases by stakes so scrutiny matches risk.
  • trust-zone-segmentation — design red/yellow/green zones now so the lethal trifecta can never line up later, even if you don’t build agents yet.
  • promotion-gates — a lightweight sign-off between “experiment” and “production.”
  • Model-risk note: if you’re under SR 11-7 (bank-affiliated) or expect allocator due diligence, an ai-governance-platform / model inventory moves to Day-1; otherwise a spreadsheet inventory + your GRC is fine to start.

Tier 2 — defer until you actually have agents / scale

Don’t buy these on Day 1: ai-spm, agent-runtime-security, authorization-engine, mcp-gateway, tool-identity-integration, non-human-identity, ai-soc-analysts, llm-observability (lightweight from launch, but not a big spend), full ai-red-teaming. These become real when agents proliferate and act — “Day-2 when agents act,” per the seed.

The 6-line answer

If the CTO wants one paragraph: Turn on SSO + SASE AI-traffic controls you already own; pick one governed enterprise assistant; put an AI gateway in front of model calls for logging + egress control; add a prompt-DLP/shadow-AI control; if you do RAG, fix data permissions and use entitlement-aware retrieval; write an AUP and risk tiers; design trust zones. Defer the whole agent-security stack until you actually run agents.

Minimal vs full stack

  • Minimal (public AI tools only, no RAG/agents): Tier 0 extensions + governed assistant + AI gateway + shadow-AI/prompt-DLP + AUP/risk-tiers. ~4 new line items.
  • Full (RAG + agents in production): add DSPM/data-access hygiene, entitlement-aware RAG, AI runtime security, observability, then the Tier-2 agent stack, and an AI governance platform under SR 11-7. See overview for the whole map.

History

  • [2026-06-28] Created in Phase 4 as the flagship CTO-facing synthesis.