Gravitas Technology, a technology provider to investment managers and financial services companies, announced that Mudrick Capital Management and Lightbox Capital have selected Gravitas as their technology provider. For its recent launch, Lightbox turned to Gravitas to design and implement much of its infrastructure and integration needs, including the utilization of Gravitas' secure colocation facility. Mudrick selected Gravitas to build its entire in-house technology infrastructure as it prepares to launch later this year. Gravitas is also providing ongoing technical support to New York-based Mudrick. "Gravitas permitted us to get up and running from a technology perspective seamlessly and cost efficiently," CEO Jason Mudrick said in a release.
"We're tapping into Gravitas' expertise, which allows us to do everything possible on the technology front to ensure that our business succeeds." "Gravitas allowed us to launch quickly and smartly, with a scalable technology that will grow along with our business," Lightbox CEO Andy Ellner added. These client applications are reflective of the new generation of alternative asset managers, launching new strategies in an environment where capital is scarce and regulatory and investor demands are greater than ever before, according to the release.
"These companies are early adopters of the smarter, more efficient business practices that are redefining today's hedge fund industry," said Gravitas CEO Jayesh Punater.
Punater identified six techniques that will power the next generation of hedge funds: scalable/variable costs; reducing real estate overhead; independence; outsourcing; smarter, rather than bigger funds; and focusing on business, as well as investment, success. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio