Blog Entries from 01/2011
The first installment in this series, based on our recent interview with Lisa Smith, discussed some business continuity considerations for instances in which your firm’s office building is forced to close as a result of messy weather conditions. In Part 2, we looked at some important challenges that may arise when preparing your firm for wintry weather conditions that do not require building closure.
In addition to these scenario-specific considerations, there are a few preparations that your firm can look at to prevent impact to business operations in any situation that may occur this winter. In this third installment, we’ll take a deeper look into a few of those considerations.
Starting a hedge fund is a time consuming process, and one area that must be well defined is a hedge fund’s budget. Hedge fund investors want to know where management fees are being allocated, so you’ll need to clearly identify your operating costs around:
Staffing: Payroll, taxes, health and benefit costs, etc
Building and facilities: Consider office expenses and lease obligation
Technology: If you don’t have an in-house IT staff, ask your IT service provider to do this
Legal and Administrator fee
One time versus recurring
To help with the technology budgeting process we’ve created a Hedge Fund Technology Budget Blueprint that outlines the items you should consider while building your hedge fund technology budget. Your firm may not need all these elements at launch, but planning ahead will enable you to efficiently manage operating costs.
Be honest. Was it just me, or did anyone else’s 2011 work year get off to a rocky (and late) start this week due to the iPhone alarm glitch?
According to various news reports from around the world and angry consumers’ tweets and Facebook messages, it is appears I was not the only one affected. Thousands of iPhone users were late to work (that’s me!) or missed flights or other appointments due to what Apple is calling a “glitch.”
Sadly, this is not the first time Apple has had to field questions from unhappy users whose alarms did not work. In Europe last year, some users experienced malfunctions with their iPhone alarms as a result of Daylight Savings Time.