IT is the place to be

FX hedge fund Insch Capital Management AG has joined the growing trend arguably more prevalent in the hedge fund administration world - that of outsourcing a branch of their company to a more cost-effective part of the world.

The Swiss-based hedge fund has launched an IT research and development company in Sofia, Bulgaria, where labour costs are cheaper and the skill-base is plentiful.

The company, named Insch Quotient (IQ), has been established to develop and offer a number of financial service p