Former Merrill Lynch VP Launches Hedge Fund IT Consultancy

Nov 3 2010 | 9:39am ET

IT specialist Julian Croxall, a former Merrill Lynch VP, has launched a consultancy firm to provide hedge and private equity funds with senior level technology management.
 
Croxall says his Cambridge CTO has been launched in response to growing demand for tech executives with a “360-degree understanding” of the value of proper technology controls and processes.
 
“If fund managers want to attract institutional assets, they must meet institutional standards of technology governance. Today, institutional investors care as much as about technology controls as financial ones,” says Croxall. The 18-year IT veteran says many hedge funds and private equity fund managers spun off from proprietary trading desks are unaware of the array of technological services that these large financial institutions had been providing.
 
For instance, Croxall says it is vital that fund managers be able to demonstrate who has access to a fund’s proprietary algorithms or other intellectual property, what procedures are in place in case of an energy blackout and who oversees the numerous vendors supplying the investment firm with computer services.
 
Cambridge CTO says it can assist hedge funds and private equity funds with their technical infrastructure needs at a much lower cost than an in-house CTO. The firm uses a proprietary system to provide four levels of service, from the basic ‘Program Manager’ to the most comprehensive ‘Fractional CTO.'
 
In addition to his five years as Merrill Lynch VP, Croxall served as VP at Morgan Stanley and, before forming his own company, as a director at Richard Fleischman & Associates, a technology services firm based in New York.

In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.