Sun, Nov 29, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Eze Castle brings the cloud out east

Thursday, December 06, 2012

Eze Castle Integration, a provider of strategic IT solutions and private cloud services to hedge funds announced this month that it was to expand its Eze Private Cloud services to Hong Kong and Singapore. In an interview with Asia Pacific Intelligence, Serge Bukhar, executive director of international operations, explained that many Asian hedge funds keep their infrastructure quite confined. "They don't want to make a big investment into infrastructure and the facilities such as office space don't allow them the space for infrastructure so it's a logical solution to outsource to a cloud solution," he said.

The firm has a global strategy of expanding their cloud to cover larger global firms and to use it in multiple offices. "In Asia, we primarily have offices in Singapore and Hong Kong as they are the hedge fund capitals in this region," Bukhar said. "The industry is not in the best shape ever, smaller funds are struggling and potentially shutting down.  The opportunity to transition IT costs from capex to opex with cloud computing is quite appealing."

Serge Bukhar

Bukhar finds that local Asian hedge funds are often smaller and due diligence requirements are lower in Asia than elsewhere. "In the US or the UK we usually see a dedicated compliance officer, but we rarely see that in Asia where the roles are done by one person wearing multiple hats. They are more cost conscious and don't want those dedicated salaried positions."

However, Bukhar feels that it is changing as more institutional money comes to Asia and more second and third generation hedge funds are opening up. "Originally, it was a large US or UK hedge fund opening in Asia and if they were successful then the managers spun out and created their own firm. Now there are more generations of independent managers, working for themselves and not reporting back to the west," he says.

This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November