Fri, Aug 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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner