Fri, Oct 24, 2014
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   |   

Banner

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 - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t