Eze Castle Integration Eze Castle Integration

Hedge IT Blog

> Subscribe to Blog Entries about Infrastructure

3 Real Estate Trends Facing New York City Hedge Funds

By Ben Friedland, Michael Movshovich and Taylor Scheinman, CBRE,
Thursday, August 20th, 2015

The following article is part of our Hedge Fund Insiders Article Series and was contributed by CBRE Group, Inc. Read more articles from the Series HERE.

As a team focused exclusively on advising hedge funds on their strategic real estate planning, we have observed several trends continuing to proliferate in the market. Below are three real estate-related issues relevant to all hedge funds.

Increasing Construction Costs

Construction costs for office interiors throughout New York City are rapidly increasing and firms that built space 5–10 years ago will find that overall expenditures for the same quality installation have increased 30–40% based on benchmark construction cost data across NYC. Although benchmarking numbers are not available specifically for hedge fund construction, high-end design details like custom millwork and architectural metal and glass are often a significant part of the design and are seeing the most rapid appreciation in cost, driving even more significant increases specific to hedge funds. Additionally, these premium and other critical trades such as HVAC and electrical are in high demand and can cause scheduling delays, pushing associated costs higher than ever.

It is crucial for hedge funds to have an owner’s rep / project manager advisor involved to ensure projects are appropriately budgeted from the initial due diligence phase, assessed on a project-by-project basis throughout the site selection process, and effectively implemented during the design and construction of the selected space.   

Categorized under: Hedge Fund Insiders  Launching A Hedge Fund  Hedge Fund Operations  Infrastructure  Project Management  Real Estate  Trends We're Seeing 



Summer Weather Preparedness: More Than Sunscreen Needed for Protection

By Estani Laredo,
Thursday, July 30th, 2015

As summer officially approaches its halfway point, we at Eze Castle Integration hope that everyone is enjoying the beautiful weather. We also want to take this opportunity to remind folks to be mindful that your firm can still be vulnerable, even when the weather is warm and sunny. With heat and humidity rising, power usage is increased to keep offices cool, leaving firms susceptible to power outages. Additionally, with employee vacations prevalent during the summer and offices less crowded, there are fewer gatekeepers protecting your firm from social engineering threats and hackers. Let’s examine some of these factors a little more closely and offer some business continuity and security tips to keep your firm running at full speed in the summer heat. Boston Blackout 2012

Impact of the Heat: Power Outages

You are sitting at your desk and recording sensitive information for one of your clients, when all of a sudden your screen goes black, and the office is completely dark. Your firm has experienced a power outage caused by increased usage during the summer months, and you are not sure if your information and technology is protected.

The months of July, August and September are considered the “blackout season” as major cities use the most power during these months, leaving them susceptible to power outages. According to the Energy Information Administration, electrical power outages, surges and spikes in usage bring about more than $150 billion in annual damages to the U.S. economy.1

Categorized under: Business Continuity Planning  Disaster Recovery  Security  Hedge Fund Operations  Infrastructure  Trends We're Seeing 



Setting Up Secure File Sharing at Your Hedge Fund: Varonis on Eze Cloud

By Mary Beth Hamilton,
Thursday, July 23rd, 2015

So we all know hedge funds and investment firms don’t want their important information drifting around free file sharing services like Dropbox. Heck, even Dropbox’s Chief Operating Officer says they still have to convince businesses that “the enterprise features that [they’ve] built satisfy [business] security requirements and [business] needs.1

With security threats multiplying exponentially, satisfying security requirements isn't enough - vendors need to be one step ahead. That’s why for secure file sharing Eze Castle Integration offers the Varonis' DatAnywhere product as a standard feature within our Eze Managed Suite. Varonis' DatAnywhere offers users seamless and secure collaboration and file sharing across devices.

Beyond security, Varonis DatAnywhere is easy to use. Users receive the same drag-n-drop experience as shared network drives or a cloud sync folder, which means no need for training on complex user interfaces and collaboration workflows. Additionally, data is automatically backed up and version controlled.

We created a video training series for our Eze Managed Suite clients on using DatAdvantage. While I can’t share all the videos (unless you are an Eze client!), here’s the intro video to give you a taste of this great feature. 

Categorized under: Infrastructure  Cloud Computing  Security  Trends We're Seeing  Videos And Infographics 



Five Steps to Effectively Managing Third-Party Service Provider Risk

By Kaleigh Alessandro,
Tuesday, July 21st, 2015

Hedge fund outsourcing is not a new trend, as buy-side firms have long dispersed the responsibility of many functions to third-party service providers more adept and accomplished at said functions. Technology, for example, is an area where many firms choose to leverage outsourced providers to manage complete or partial infrastructures, support projects or supplement on-site IT staffs. The benefits to outsourcing are numerous, but the true measure of a successful service provider relationship comes when an investment firm’s level of risk in using that provider is low.Service Provider Risk
 
Risks are everywhere, particularly in today’s cyber-focused environment. But the risk a hedge fund undertakes when outsourcing a function of its business to a third-party is enormous. Not only is the firm relinquishing control to an outside company, it also takes on the added burden of managing that company, in addition to its own.
 
It’s one thing to put faith in your service providers to do their jobs effectively. It’s another to ignore your own firm’s responsibility to manage that third party as a means of protecting your own firm. Successfully managing risk associated with third-party service provider relationships is a full-time job, especially for financial services firms working with dozens of various parties. Here are a few tips to help your firm properly manage third-party service provider risk:

Categorized under: Hedge Fund Operations  Launching A Hedge Fund  Cloud Computing  Security  Hedge Fund Due Diligence  Infrastructure  Trends We're Seeing 



Understanding Social Engineering: How to Avoid Phishing Attacks

By Katie Sloane,
Tuesday, July 7th, 2015

In the context of information technology, social engineering refers to the act of tricking people into divulging confidential or sensitive business information, and breaking security policies. This form of attack infiltrates companies by targeting their weakest access point, which predominantly is a firm’s employees.Understanding Social Engineering; Spear Phishing, Cyber Security

The Art of the Phishing Con

Let’s examine a popular technique for social engineering known as phishing. In a phishing scheme, the hacker broadly disseminates a fraudulent email with aim to acquire sensitive data, such as, login credentials, IT resources or banking information. The message may request the recipient to submit personal information or to click on a link embedded with malware. Although this approach rarely dupes sophisticated users, a distracted employee could make one mistake and compromise a firm’s entire network.

Categorized under: Security  Hedge Fund Due Diligence  Hedge Fund Operations  Hedge Fund Regulation  Infrastructure  Communications  Trends We're Seeing 



Why is Cybersecurity Important?

By Katie Sloane,
Thursday, June 25th, 2015

Did you know that the average cost of a data breach is $3.8 million? Or, that the consolidated average cost incurred for each record of lost or stolen sensitive and confidential information has increased six percent (6%) since 2013 from $145 to $154? A recent study of 350 companies spanning 11 countries reported the aforementioned statistics, representing a twenty-three percent (23%) increase in data breach consolidated costs.

Categorized under: Security  Disaster Recovery  Hedge Fund Due Diligence  Hedge Fund Operations  Hedge Fund Regulation  Infrastructure  Business Continuity Planning  Software  Trends We're Seeing 



Wexford Capital Moves to Eze Private Cloud Platform to Power Operations, Increase IT Agility

By Katie Sloane,
Tuesday, June 23rd, 2015

Wexford Capital Selects Eze Castle Integration

We take great pride in helping solve our clients' IT needs and highlighting recent success stories. Our client Wexford Capital LP is one such example who selected the Eze Private Cloud platform for its fully managed, enterprise-grade environment. Wexford Capital gravitated away from its on-premise IT infrastructure and towards the Eze Private Cloud for its multifaceted suite of services and measurable benefits, such as, cost optimization and increased business agility.

Dante Domenichelli, Chief Operating Officer at Wexford Capital, said, “Eze Castle Integration delivers the comprehensive services and expert, reliable support we had been searching for in an IT provider. Transitioning to the Eze Private Cloud has enabled seamless business expansion and improved our operational efficiencies while providing assurances of performance and security.

Categorized under: Cloud Computing  Eze Castle Milestones  Hedge Fund Due Diligence  Hedge Fund Operations  Infrastructure  Outsourcing  Trends We're Seeing 



Emergency Notification Systems: Considerations for Business Continuity Effectiveness

By Matt Donahue,
Tuesday, June 16th, 2015

If communicating to your employees, investors, vendors, and partners is important on a daily basis, then ensuring effective communication during a disaster or disruption should be a priority, too. There are many reasons why it may be advantageous for a firm to consider utilizing an Emergency Notification System (ENS) in order to ensure that internal and external parties are kept informed and updated. Traditional calling trees are cumbersome and time consuming, and emails -- especially outside of business hours -- can often be overlooked. Today, notifications systems can quickly and effectively send messages using a variety of delivery methods. It’s no wonder many companies large and small are moving to these kinds of systems. However, finding the right system requires some thought and planning. This article will cover some items firms may want to consider when shopping for a notification system.Emergency Notifications

System Architecture

Does the system require on site hardware or is it hosted online or a hybrid of the two?

  • On Site: This option is rarely utilized, and it means that hardware/software will have to be added locally to the firm’s infrastructure to sync up with the system. Depending on the current IT set up, firms may want to discuss this option with their IT administrator or provider to ensure it is feasible. This option can be vulnerable if there are local issues affecting the firm’s office because it will most likely also affect the notification system. 

Categorized under: Business Continuity Planning  Disaster Recovery  Hedge Fund Operations  Infrastructure  Communications 



Create Information Security Plans, SEC Tells Advisers

By Mary Beth Hamilton,
Thursday, June 11th, 2015

Welcome to the third installment of our SEC Cybersecurity Guidance Update video series. Our third (and last) video covers what the SEC is telling registered investment advisers about having written information policies and procedures. You can watch the first two videos below or HERE and HERE.

 

Categorized under: Hedge Fund Regulation  Launching A Hedge Fund  Security  Hedge Fund Due Diligence  Hedge Fund Operations  Infrastructure  Trends We're Seeing  Videos And Infographics 



SEC Cybersecurity Risk Update, Part 2: Prevent, Detect, Respond

By Kaleigh Alessandro,
Tuesday, June 9th, 2015

In Part 1 of the SEC's recent cybersecurity guidance update, the regulatory body highlighted the need for cyber risk assessments across multiple areas of a registered firm's organization. Continuing to address how firms should prepare for security incidents before they occur, Part 2 of the SEC's guidance update focuses on how hedge funds and registered investment advisers should prevent, detect and respond to security incidents.

Take a look at the latest installment of our video series or scroll down to read a brief recap.


Categorized under: Security  Launching A Hedge Fund  Cloud Computing  Disaster Recovery  Hedge Fund Due Diligence  Hedge Fund Operations  Hedge Fund Regulation  Infrastructure  Communications  Outsourcing  Business Continuity Planning  Trends We're Seeing  Videos And Infographics 



View earlier posts in the archive

Recent Posts / All Posts


 

Eze Cloud Information

Subscribe to Hedge IT

Follow Us

    Follow us on Twitter Follow us on FaceBook Follow us on LinkedIn Follow us on Google RSS Feed

Recent Articles

Categories

Archives