Fund Admin. Offers Clients Cloud Computing Platform

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.

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