Friday, 1 August 2014
Last updated 4 hours ago
Sep 28 2011 | 9:39am ET
Advanced Fund Administration has launched an alliance with a financial technology firm to offer its hedge fund and private equity clients a cloud computing platform.
Advanced Fund Administration clients will now have access to Compushare's "full suite of technology-based solutions," the latter said in a statement. Among those services are cloud computing, allowing funds "to eliminate technology assets and avoid the cost of owning and maintaining a technology infrastructure."
"Compushare will provide our clients with a secure, compliant and efficient technology environment including remote and mobile access which will enable them to concentrate completely on their business rather than their infrastructure," AFA CEO Peter Young said.