Fri, Sep 22, 2017
A A A
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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi