Camulos signs with Gravitas

STAMFORD, CT – Hedge fund manager Camulos Capital has contracted with alternative investment IT service provider Gravitas Technology to develop a business continuity and disaster recovery programme.

Through the partnership with Gravitas, Camulos expects to more thoroughly mitigate operational risks and improve resilience in the event of short- or long-term disruptions. According to Richard Holahan, Camulos chief operating officer, developing a comprehensive BCP plan will further meet the manager's fiduciary responsibility to its clients.

Gravitas' approach entails risk assessment, plan design for recovery of crucial functions, and protection of clients' books and records in the event of disruption. Key services include: l BCP planning; l Disaster recovery setup and monitoring; l Design, implementation and support of BCP and DR programmes; l DR facilities in New York, California and the UK.

Jayesh Punater, chief executive and founder at Gravitas, explains that the BCP and DR process at Camulos is nearing completion.

"We've identified their BCP components based on their specific needs and investment processes, and as a result of that we've identified specific applications like email that are now being replicated in real time in our disaster recovery facility in California," Punater reports. Punater adds that Gravitas has also audited the client's fund administrator system, and how its accounting and portfolio management systems are being replicated. Camulos officials refused requests to be interviewed for this story.