Abacus Group CEO Chris Grandi and Director of Disaster Recovery Matt Hilsenrad were both recently quoted in a Hedge Fund Legal & Compliance Digest article on "Key Elements of a Comprehensive Hedge Fund Disaster Recovery Plan."
“Aside from being prudent business practice,” said Grandi, “the investor due diligence expectations are at such a point now that if you did not have a disaster recovery plan, the investor would likely withhold making an investment. It is absolutely critical that all hedge funds have disaster recovery.”
“We do testing twice a year,” Hilsenrad offered. “We simulate what it would be like to bring a hedge fund manager’s servers offline then bring them back online, so they’re familiar with the process.”
Read full article here.