Why Hedge Funds are moving to the Cloud?

Hedge Funds

Those familiar with Hedge Funds are well aware of the change in recent years. To be sure, the move to the cloud has been a progressive process. But there are still questions about it. In this post our experts delve deeper:

The move to the cloud is a novel and necessary development. Therefore, it is not surprising that many companies are taking the first step. Incidentally, many of them have well-established in-house infrastructures. That alone indicates that they have many compelling reasons behind them to stand out from the crowd.

Cloud hedge funds

With the introduction of Amazon’s Elastic Compute Cloud in 2006 and Microsoft Azure in 2008, organizations started moving away from traditional CAPEX model. So, this model consisted of investing upfront and owning dedicated hardware and software. However, they now prefer to use a shared cloud infrastructure and pay as one uses it, popularly known as OPEX model.

OpenStack and cloud computing

In 2010, OpenStack, an open-source cloud-software initiative made cloud computing more popular. As a result, the new technology brought high-capacity networks, hardware virtualization and service-oriented architecture. This has led to a growth in cloud computing. In other words, cloud technology turns a “virtual office” into a “true mobile office”. Using a laptop or tablet, they can access all data. They can also access the fund’s intelligence and work files from anywhere and at any time.

Some projections by hedge fund managers

Does cloud implementation bring benefits? According to Greenwich Associates, hedge funds could realize a cost reduction of more than 50 percent. A process of this magnitude is therefore indispensable in a constantly changing economy. Cloud computing industry is growing at an exponential rate of 50 per annum.

As technology enhancements continue, made and more business applications get added. Cloud computing gives a competitive edge to hedge fund managers.

About the Author

Arnaud Mercier is a FinTech entrepreneur based in London. Thanks to his solid experience in IT management – mainly Salesforce and SAP – Arnaud has created Asklogix, a consulting and Cloud solution provider for Financial Services based on Salesforce platform. Asklogix focuses on the Financial Services Industry. Our CRM solutions Suite are designed specifically for Hedge Funds, M&A, Private Equities, Familly office, and Insurance companies; those solutions embraces the key CRM, sales, operational and marketing functions, including compliance.

Please contact us if any questions : ASKLOGIX

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About Asklogix

Asklogix is a CRM software vendor, based on the Salesforce platform, designed for Financial Services.

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