Hedge funds and investment firms are making the move to Asia, evidenced by the industry’s expansion to a record number of funds in Q3 2012 (according to Hedge Fund Research). With a healthy flow of both new startup funds and existing firms expanding their presence to the region, the Asian hedge fund market has quickly become the go-to locale for financial services.
Asia can be a challenging market to tap into, however, particularly as regulations take center stage. In addition to local regulations, Asian funds also need to keep an eye on what’s happening in the U.S. and Europe. According to HFMWeek, legislation handed down by the EU’s Alternative Investment Fund Managers Directive (AIFMD) “could make it very difficult for Asian managers to access European capital, affecting diverse facets of a fund’s operations including remuneration, leverage and custody.”
Technology is also on the minds of regulators – and investors too. HFMWeek states that “investors and regulators have shown little tolerance for allowing a fund’s infrastructure to ramp up over time, instead insisting that they feature best practice systems and processes at launch.” So if funds need to have a robust technology in place from day one, what are their options?
With costly real estate in financial hubs like Hong Kong (some of the most expensive square footage in the world), many Asian cities make it challenging for firms to build out their own technology infrastructures on-site. The answer for many firms, therefore, has been the cloud. Keeping in line with their US and UK counterparts, many Asian funds are leveraging private cloud services to help ramp up their operations quickly and cost-effectively.
With the growing demand for cloud services in Asia, Eze Castle Integration proudly announced this week the expansion of our Eze Private Cloud to Singapore and Hong Kong. Supporting more than 2,000 users and spanning three continents now, the Eze Private Cloud is the preferred private cloud for hedge funds on a global scale. Our expansion is further validated by two recent award wins, including #1 cloud computing provider (Hedge Funds Review) and best cloud computing/outsourced IT services provider (HFMWeek).
The award-winning Eze Private Cloud provides hedge funds with seamless access to the technology and applications they require to effectively and efficiently run their businesses. With the Eze Private Cloud, hedge funds simplify operations, minimize upfront capital costs and gain a highly resilient, enterprise-grade IT infrastructure on par with billion-dollar funds. To learn more, click here.