Fri, Oct 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers September 2012

Servicers' Spot - Conifer: Smaller hedge fund managers like cloud technology

Conifer: Smaller hedge fund managers like cloud technology

Jack McDonald

According to Jack McDonald, the CEO of Conifer, a fund administrator, we are still in the early innings of the adoption of cloud technology in the asset services industry; yet newer and smaller hedge fund managers tend to adopt Cloud at the outset, as it offers a solid middle and back office infrastructure for a cheaper price.

The Conifer Group is a 24-year-old fund administrator and asset servicing firm, headquartered in San Francisco. The group has three businesses; Conifer Securities, which is a broker dealer that does outsourced trade execution as well as prime brokerage; Conifer Fund Services, which is a middle office and fund administration platform; and the newest business, which is a joint venture called InvestCloud Solutions, a cloud-based data aggregation and reporting portal business.

"In the asset management world and beyond, the concept of the cloud refers to where the technology infrastructure hardware and software is hosted, how it gets maintained, and it speaks very much to the cost advantages and security advantages around this new type of technology," MacDonald told Opalesque in an interview. As indeed, cloud technology has allowed the firm to revolutionize how it integrates different data sources into one common place and how it renders that data and use it in a constructive and value-added way for its managers and for its investors.

Most people already use and trust their financial information to cloud technology with e-commerce websites like Amazon and eBay

Data stored in the cloud-based infrastructure is much more secure than data stored in one's own server because of the disaster recovery cap......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. 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

  3. 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

  4. 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

  5. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some