Sat, Feb 28, 2015
A A A
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie