I read this article by Dan Hubscher in the Hedge Fund Review, about how hedge fund managers have had to adapt their business strategies. This has a direct impact on the level and sophistication requirements of their IT systems.
"If more plug and play technology were made available, especially on a hosted basis, more quant managers would turn to this method of technology, allowing them to concentrate on what they do best."
This sentence is what got me thinking. Technology over the past few years has got more moduler and these modules have got easier to integrate into a larger solutions. This has cause a feedback loop resulting in even more options at a faster rate driven by companies such as Google and Facebook, technologies around Open Source, Web 2.0 and Cloud Computing. There is a greater resurgance of innovation at present and smaller players have the ability to influence on a much larger scale.
The same is also true for Hedge Funds and their use of technology. What was previously considered too big, complex and expensive for smaller funds is now in easy reach.
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