Wed, Nov 25, 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. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  2. Chicago-based Achievement A. M. is shutting down hedge fund following losses[more]

    Komfie Manalo, Opalesque Asia for New Managers: Achievement Asset Management, a Chicago-based hedge fund firm, has announced it is closing down its hedge fund operation following losses on energy market bets this ye

  3. Lyxor Hedge Fund Index up 0.1% (+0.4% YTD) as global macro and CTAs outperform[more]

    Komfie Manalo, Opalesque Asia for New Managers: Global macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions, with the Lyxor Hedge Fund Index up

  4. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  5. 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