Source: Gravitas Technology
Gravitas Technology, Inc., a leading IT services firm specializing in the alternative investment community, today announced it is implementing a business continuity plan for Camulos Capital LP, a hedge fund based in Stamford, Connecticut.
In selecting Gravitas for this plan, Camulos Capital LP will be prepared for operational risks associated with its facilities and/or systems shutting down in the event of a short or long term disruption.
Gravitas Technology works closely with alternative investment companies such as hedge funds and private equity firms to conduct a risk assessment and design a plan to recover mission critical functions dependably and expeditiously while protecting the integrity of the firm's books and records. The plan takes into account each employee's role in the organization, the services they provide, the systems they use as well as how they interact with third parties such as investors, brokers and custodians, investment information sources and market data providers.
There are many reasons why a firm's operations may be affected for either a short or long period of time. A snowstorm, for instance, could cause an outage for up to five business days, whereas a fire or flood could affect the business for a much longer period of time. Terrorist attacks, power outages and hurricanes in the past few years have increased financial firms' awareness of the need for a backup plan.
"Our approach focuses on ensuring customers have no downtime during a disruption," says Jayesh Punater, CEO and Founder of Gravitas Technology. "The top priority is to recover mission critical functions including investment analysis and portfolio management, trading and liquidity management, and clearing and settlement immediately before addressing less time-sensitive functions such as fund and partnership accounting. Once again this demonstrates Gravitas' commitment to taking a holistic view of our customer's technology and operational needs, and is the premiere "white glove" IT services firm."
Richard Holahan, Chief Operating Officer at Camulos Capital LP adds, "We take our fiduciary responsibility to our clients very seriously. Working with the BCP team at Gravitas in implementing a business continuity plan, helps us to keep disruption at a minimum should a disaster happen to occur."