Blog Entries from 04/2012
The atmosphere in the room was one of excitement and anticipation. Not something you’d expect for a conference dedicated to cloud computing? Think again.
We hosted our first-ever Hedge Fund Cloud Summit earlier this week at the Sofitel New York, bringing together over 100 operational and technology professionals from the investment industry for what truly was an exciting day.
Event hosts Bob Guilbert and Vinod Paul kicked off the afternoon by offering their perspective on the changes within the hedge fund market relative to cloud computing and why it has steadily become a reliable technology option for firms of all sizes and strategies. Five years ago, most hedge funds were involuntarily relying on traditional on-premise infrastructures marked by intricate Comm. Room build-outs and heavy upfront capital expenditures. The average cost for servers, storage, networking and other equipment? Two hundred to five hundred THOUSAND dollars.
What would we do without technology in our daily lives? Technology has evolved over the years helping us with the way we communicate with one another to the mediums we use to obtain and share information.
Check out what Eze Castle's London employees had to say in the video below.
Categorized under: Trends We're Seeing
Next week, our Global Support Group director, Dan Kummer, will be attending the Help Desk Institute’s 2012 Conference & Expo in sunny Orlando, Florida, where he will hear from some of the industry’s top experts and learn about new support desk technologies and trends.
As we look forward to this great event, we got to thinking about our own help desk team and support teams in general. What makes one help desk better than another? What are the key ingredients in providing the best possible IT support to clients?
Here are our thoughts.
Categorized under: Business Continuity Planning
The security threat landscape continues to evolve, and security through obscurity is no longer (and probably never was) an ideal approach to protecting the sensitive data of the hedge fund industry. A recent study by IBM found that cyber threats are expanding with 62% of managers believing that cyber threats are an increasingly serious risk to business.
The report found a 27% rise in cyber security vulnerabilities between 2009 and 2010 and noted that “early in 2011 officials at the International Monetary Fund revealed that it had been targeted by a sophisticated cyber attack – a threat that was considered so serious, the World Bank severed the computer ties through which the two organisations shared information.”
Another example cited was that “in June 2011 a black-hat hacker group known as LulzSec (or “Lulz Security”) targeted the website of the CIA in the US using a denial-of-service attack. This was the latest in a string of similar attacks against a range of government and public sector bodies.”
While these two examples occurred at large organizations, the risks facing smaller firms (read: hedge funds) are just as real. To that end, we recently had eSentire into our Boston office to speak with a group of hedge fund CTOs about the security landscape and their managed security technology. Feedback on eSentire’s offering and approach was positive and the spark for this tech spotlight article.
On most days if you asked what I was doing on that exact day two years prior I wouldn’t be able to tell you, but today is different. Today is the second birthday for Hedge IT, our sweet, informative blog. So I know exactly what I was doing two years ago – I was writing and posting our first Hedge IT article, aptly titled “Welcome to Hedge IT.”
Sticking with the theme of ‘welcome to…’ and giving a node to our upcoming Hedge Fund Cloud Summit, today’s post is a welcome to the changing world of IT – now that the business world is going to the cloud.
Paradigm shifts are commonplace in the IT world. When talking to an IT veteran about cloud, he/she will likely reflect on the move from centralized computing (mainframes/mini-computers) to decentralized computing (Windows NT/Novell) and now back to centralized computing with the cloud.
It’s the most talked about trend in technology these days. Then again, can it even be considered a trend anymore? Cloud computing has evolved into a credible technology solution for hedge funds and other financial services firms, allowing them to reduce their upfront capital expenditures and focus their priorities on investment decisions and other operational tasks.
But with so much buzz in the industry about the cloud, it seemed fitting to organize an event dedicated solely to this topic. Alas, it’s finally here.
In just two short weeks, Eze Castle Integration will be honored to host the 2012 Hedge Fund Cloud Summit – a half-day conference in New York City designed to dive deep into the critical areas of cloud computing that hedge funds and investment firms are compelled to think about on a daily basis.
The Cloud Summit will bring together more than 100 of the investment industry’s best and brightest technology and operations professionals and will feature expert speakers from some of the leading hedge funds, prime brokers and technology application partners in the industry.
Last week, the Eze Castle Integration team in London hosted a breakfast seminar, in conjunction with HFMWeek, on how to successfully launch a hedge fund. The seminar featured a panel of experts:
- Simon Eyre, Service Director at Eze Castle Integration
- Bill Prew, COO at James Caird Asset Management
- Gus Black, Partner at Dechert LLP
- Jae Yung Kwon, EMEA Prime Brokerage, J.P. Morgan
Numerous topics were covered including investment strategies, approaches to raising capital, regulatory considerations, service provider selection, and technology systems. In today’s article we’d like to dive a little deeper into the key technology requirements that all funds must consider when starting up. These include infrastructure, telecommunication and compliance and archiving.
Categorized under: Launching A Hedge Fund
Opalesque TV recently sat down with Vinod Paul (of Eze Castle Integration!) to discuss how cloud computing is altering the technology landscape in the hedge fund industry. The conversation covered a lot of ground including:
- Public vs. Private vs. Hybrid Clouds
- The Migration from Traditional IT to the Cloud
- Impact of Reduced Costs in the Cloud
- Real-world Examples of Cloud Utilization
- Examining the Technology Environment for Startups
- Scalability with the Cloud
- Cloud Security Best Practices
- The Future of the Cloud
- A Step-By-Step Guide to Dealing with a Security Breach
- The New CIO: From IT Manager to IT Innovator
- New Infographic: Criteria for Evaluating Colocation Providers
- What Not to Do When It Comes to Your IT
- Data Protection Changes Coming to EU Firms
- business continuity planning
- cloud computing
- data loss prevention
- disaster recovery
- eze castle milestones
- hedge fund due diligence
- hedge fund marketing
- hedge fund operations
- hedge fund regulation
- help desk
- high frequency trading
- launching a hedge fund
- privacy compliance
- project management
- real estate
- startup & relocation
- trends we're seeing
- videos and infographics