Fri, Jul 1, 2016
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 - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.