Tue, Mar 3, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie