Blog Entries from 04/2011
Do you have concerns about outsourcing your email to a third-party provider? There is a lot to think about before making such a move to hosted email, including security, disaster recovery, and support concerns.
To break down the key considerations for hosting your Microsoft Exchange, our product managers, Jason Nolan and Steve Banda, have created this short video:
Welcome to part two of our recap of the 4th Annual Hedge Fund Ops & Tech conference in NYC. Last week I wrote about headline risk, employee trading and Dodd-Frank – all of which were hot topics at the event.
Today’s post will focus on the topics discussed on the “Business Continuity & Disaster Recovery Planning for Hedge Funds” panel that was moderated by Vinod Paul of Eze Castle Integration and featured panelists Jeremy Garber, COO at Longacre Fund Management, and Kate Chigounis, Associate Director of Operational Risk Management at Delaware Investments.
The panel started with a discussion of what keeps hedge fund professionals up at night and the common theme was ensuring that all systems will be up and running when the trading day begins. Outages are unacceptable, costly and largely preventable with proper planning.
On 30 March, the Eze Castle Integration team in London hosted their first due diligence seminar at St. James’s Hotel and Club.
The seminar featured a panel of experts: Simon Eyre, Director at Eze Castle Integration, Doug Bendle, Senior Manager at PricewaterhouseCoopers, Paul Chain, President at AIS Fund Administration, and Ian Howard, Operations Analyst at Mediobanca.
In today’s market, investors’ expectations are at an all-time high, making the Hedge Fund Due Diligence Process a critical area of importance to raise new capital. I sat down with Simon Eyre to discuss some of the questions covered at the seminar.
Last week we sponsored the 4th Annual Hedge Fund Ops & Tech conference in NYC, where nearly 100 hedge fund professionals gathered to discuss the top hedge fund operations and hedge fund technology issues facing the industry. Not surprisingly the Dodd-Frank Act was a hot topic as was headline risk, data management and disaster recovery.
For those of you who couldn’t attend, we’ll do a two-part recap of the event. This article will cover panelists' comments around headline risk, data management and Dodd-Frank. Next Tuesday we’ll cover insights from the hedge fund disaster recovery and business continuity planning panel our own Vinod Paul moderated.
Headline Risk (a topic that came up on multiple panels): Headline risk goes against the old adage that “there is no such thing as bad publicity.” This risk is tied to the possibility that negative news could spook the market and investors. Across the board, hedge fund COOs indicated that headline risk is something that keeps them up at night and drives spikes in investors’ calls.
Earlier this week, our friends at Ledgex hosted a webinar outlining some of the common operational and technical challenges that are faced by multi-manager funds. The goal of this event was to provide attendees with insight into the following broad areas:
Transparency and Risk: Changing expectations and how firms can adapt
Operational Risk Assessment: Why it is important for multi-manager funds
Portfolio Management: The technical hurdles of managing a fund
Managing Liquidity: The keys to managing both investor and investment liquidity
Throughout the webinar, experts from Ledgex Systems and Rothstein Kass Business Advisory Services provided great information about the fund of hedge funds industry. The speakers for the event were Brian Macallister, Managing Director at Ledgex, and Andrew de Montille, Senior Manager at Rothstein Kass.
Following is a summary of the key topics discussed during the “Operational and Technical Challenges of Multi-Manager Funds” event.
Last week, we hosted a breakfast seminar New York City for emerging hedge fund managers and new hedge fund launches. Our goal was to provide attendees with actionable takeaways they can use as they get their fund off the ground.
Our expert panel of speakers provided great insight into the hedge fund industry and the key considerations for new managers who are launching funds. Panelists included Tim Kennedy, Senior Vice President at Eze Castle Integration, Ron Geffner, Partner at Sadis & Goldberg, Robert Becker, Head of Capital Introduction at Jefferies & Co., and Bryan Borgia, Managing Partner at Topwater Investment Management.
Below is a summary of the key topics discussed at our “Launching a Hedge Fund” event:
If you missed it yesterday, we presented the results of our 2011 Hedge Fund Operations & Technology Benchmark Study. The purpose of this study was to examine the key front, middle and back office systems and technologies being used by alternative investment managers today.
As a means to gather this information, Eze Castle Integration surveyed over 200 hedge funds and alternative investment firms in 2010 regarding their hardware and software, applications, communications devices, and more. Below is a short summary of our findings*:
Of 223 total firms who responded, 56% reported their assets under management to be less than $250mm. 17% of our respondents had an AUM of between $250-750mm at the time of the survey, and 27% had more than $750mm in assets.
The majority of firms indicated that they had just 1 office location, which was in the United States. Only about ¼ of respondents had an international office and/or multiple office locations.
In several of our previous articles on business continuity planning, we have stressed the importance of ensuring that all of your firm’s employees are fully aware of the company’s business continuity planning (BCP) procedures and what is expected of them in the event of a disruption to normal business operations.
After this planning phase is complete, the next step is to be sure that all employees can perform their business function responsibilities while working remotely. In order to successfully validate this objective, employees should perform a live test of their required applications from their homes or alternate work sites. Testing should include the following broad aspects: validating communication procedures, accessing all necessary applications, and overall ability to continue business operations remotely.
Categorized under: Business Continuity Planning