Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched StorageBurst, an on-demand service that offers hedge funds a secure and redundant platform to store large amounts of data off-site.

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched StorageBurst, an on-demand service that offers hedge funds a secure and redundant platform to store large amounts of data off-site.

Offering flexible disaster recovery and archiving options, StorageBurst helps funds store and back up tick level data to meet regulatory requirements, scale to accommodate changing business needs, and reduce storage costs.
 
“It’s not uncommon for today’s hedge funds to deal with terabytes of data, yet many simply don’t have the infrastructure or capital to properly store, back up and monitor it,” says Chris Grandi, chief executive of Abacus. “Many juggle multiple strategies, multiple funds and multiple prime brokers. StorageBurst gives funds with significant yet variable storage requirements, a flexible, fast and cost effective storage solution that can easily grow with their business.”