Tech Update I: New hedge fund email and IM archiving solution
Smarsh Inc is launching a new version of its archiving solution designed specifically for small to mid-sized hedge funds.
The new solution satisfies the need for hedge fund managers to follow future hedge fund record retention requirements. A bundled package of services, Archive InSiteT allows compliance officers, and other authorised administrators to utilize all products in the Smarsh Inc. Web Compliance Toolkit. Administrators will now have access to email and IM archiving, anti-spam and virus protection, encryption, and a host of other provisions, which have been designed specifically for hedge fund compliance.
Financial managers now have a definite digital trail of all electronic communication, providing a fail safe and fully searchable archive, which complies with new hedge fund regulations. Furthermore, Archive InSiteT has also been engineered to easily evolve with any shifts or changes in future regulations.
"Archive InSiteT is structured to minimize the time for implementation, as well as delivering the most robust feature set. Hedge Funds need security and speed, we provide both," said Steve Finnern, Director of Sales and Operations at Smarsh. "We have developed an archiving solution which will provide any hedge fund with the ability to meet the new regulations in an efficient manner. Compliance managers will find the greatest benefit in the simplicity of the set-up and day-to-day use of the solution."
According to Smarch CEO Steve Marsh, Archive InSiteT will allow hedge fund managers to spend less time worrying about how to address regulatory requirements and stay focussed on their primary goal, growing their fund. Archive InSite maintains regulatory compliance with very low maintenance. Now, hedge fund managers can leverage all of the archiving solutions that other segments of the financial industry have been using for several years.
"We know that the regulations are not highly favored by those within the industry," Steve Marsh, CEO. "We wanted to provide a solution that would make the transition to complying with these regulations as painless as possible, and we believe we have accomplished that goal with Archive InSiteT."
Founded in 2001, Smarsh is a privately held global provider of technology solutions for the financial services industry. Smarsh provides financial applications as well as completely managed and custom email hosting and messaging compliance solutions to brokerages, banks, trading floors, and investment management firms. Smarsh is headquartered in Portland, OR and has regional offices in New York and San Francisco.
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