Sat, Oct 10, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds embracing cloud computing

Monday, August 01, 2011
Opalesque Industry Update - Eze Castle Integration has seen an increase in the number of hedge funds embracing cloud computing, reporting that 130 customers are now using the firm’s cloud for storing information.

The firm, which recently opened a New Jersey based data center at QTS, says that firm expansion is being driven by demand for cloud based services.

“We have seen evidence of the growing demand for the private cloud as well as technology and compliance solutions to meet the requirements of Dodd-Frank,” said Bob Guilbert, managing director of Eze Castle Integration in a statement released by the firm on Monday. “As new customers from around the world come to Eze Castle, we continue to prove that we can deliver the solutions and services that meet their needs.”

Perhaps the greatest feature of moving information to the cloud is that companies are freed from having their data tied to a physical location. The increasing global uncertainty may benefit cloud computing firms, as the ability to access information securely from remote areas makes disaster and business continuity planning even easier. Opalesque had heard that at the end of last week JP Morgan emailed employees to make sure that their emergency contacts and procedures were all in place, which we took to be an expression of concern in case the debt ceiling debate was not finished. Hedge fund firms with their data stored (either all or in parts) on the cloud are less exposed to problems such as natural or man made disasters.
Kirsten Bischoff

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with