Hedge funds embrace lower cost model of cloud technology

Service Provider Rankings 2011

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Selecting an IT provider for a hedge fund does not have to depend on the brain power of a technology guru. The decision to put a fund's entire communications and technology operation into the care of a ‘cloud' often starts with recommendation rather than technical knowledge.

This is because the people making these crucial decisions often are not experts. "I would say about 50% of the time it is an IT person in a hedge fund making this decision. The other 50% of the time it is an operations person

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