‘The Cloud’ is Not the Limit for Institutional Hedge Fund Technology
Hosted IT Solutions Are Only One Part of Cost Effective Hedge Fund IT Says Alphaserve
Technologies in Advance of its October 12th Conference on Hedge Fund Technology Costs
New York – September 21, 2011 – Hedge fund executives who rely only on an outsourced cloud solution to achieve cost efficiencies should be aware of the impact of the associated risks, scalability and total cost of ownership of the solution. Alphaserve Technologies, a vendor-agnostic IT advisor to some of the world’s largest hedge funds and an early cloud pioneer which built the first institutional, venture-backed cloud platform in the late 90’s, believes that fund managers should perform careful due diligence in aligning their business requirements to their technology. Many techniques already employed by the big banks that are slowly working their way into the hedge fund community such as newer methods of information security and business continuity, utilizing ubiquitous anywhere, anyplace computing, and employing more sophisticated institutional class analytics and monitoring techniques, could result in further savings and improved efficiency.
“Simply put, the cloud is not a panacea for all of a hedge fund’s IT concerns,” commented Arup Das, CEO of Alphaserve Technologies. “For certain funds, based on their specific business requirements it may be more cost effective to maintain some technologies and business processes in-house rather than locate them completely on an out-sourced Cloud platform. The key is a balance between in-sourced technology and out-sourced Cloud solutions that provide effective reporting, risk management, compliance and trading”, added Mr. Das.
Alphaserve Technologies released these comments in advance of its lunch-time conference entitled ‘Cost Economics of Technology in Today’s Hedge Fund Market’
* How much cloud services cost by application
* How much IT support models cost – a comparison of outsourced and ‘smartsourced’ models
* Pros and cons: traditional hedge fund disaster recovery and data centers, or big bank-inspired remote infrastructure management and server co-location?
* The difference in costs between using the cloud or maintaining a dedicated infrastructure
* What IT staff funds can outsource and what staff you should be kept in house
* Which IT costs can be applied to the fund, and which have to be absorbed by the management company
“It’s often difficult for hedge fund CFOs and COOs to get straight answers to simple questions about their technology costs. Am I paying too much? What are my peers doing?” offered Mr. Das. “This conference will give C-level hedge fund executives the chance to ask the foremost experts in the industry the questions they could never get answered and get straight-forward answers in return.”
Sponsored by Rothstein Kass, Seagate i365, and Alphaserve Technologies, the lunch-time conference is open only to C-Level executives in hedge funds and private equity funds with responsibility for technology systems. To register, please click here
About Alphaserve Technologies
Alphaserve Technologies serves as the IT advisor to over 120 financial services clients around the world including marquee hedge funds, banks, private equity firms, broker dealers, and midsize and startup hedge funds. Alphaserve Technologies ‘smart sources’ with your team by translating ‘tech talk’ into tangible and meaningful business opportunities. Our clients engage us to gain institutional class IT expertise that is scaled to fit the size of their firm in the areas of Advisory, Integration and Managed Services (A.I.M.). Alphaserve offers cost-effective services that strategically align your business goals and processes with technology requirements. To learn more, please visit www.alphaserveit.com
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