Hedge funds are increasingly seeing cloud technology as a viable solution to rising IT costs

Embracing the cloud

Four types of cloud - Image by Rzs on Stock Free Images & Dreamstime Stock Photos

The lure of cloud computing is proving irresistible for hedge funds. With costs as well as regulatory and investor pressure mounting in a world where technological change is relentless, outsourcing non-core operational factors such as IT has become even more attractive. Having others worry about these matters also means managers can focus on their primary task of generating returns.

However, concerns over security remain one of the biggest hurdles for hedge funds and cloud vendors.

As cloud

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