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Serengeti Asset Management LP

New Federal Regulations Send Hedge Fund in Search of Hosted Backup Solution

SERENGETI ASSET MANAGEMENT SELECTS BUMI TO KEEP THEM COMPLIANT WITH LONG TERM RETENTION REQUIREMENTS

The Challenge

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Serengeti Asset Management LP is a hedge fund headquartered in New York City. Since its founding in 2007, Serengeti has been handling internal tape backups without incident. However, the recent passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act introduced new regulation of hedge funds and private equity firms including new requirements for data and trade activity retention. Serengeti began searching for a hosted data backup solution to aid in its compliance efforts.

The Solution

“We had a sufficient backup solution, but we were looking to upgrade our long-term retention in light of the brand new regulations,” says Jeff Miller, Chief Technological Officer for Serengeti. Miller knew he wanted a cloud-based hosted solution, and he wanted to find a company that could manage it completely. “Backup and recovery is something we shouldn’t have to worry about,” he says. “We felt that BUMI has the right experience and capacity to manage our backups to our standards.”

In 2012 Miller was looking at several hosted backup solutions when a colleague recommended BUMI. “Since I was looking for long-term retention, I wanted a stable and established company,” Miller says. “Knowing that BUMI is has been offering hosted backup service since 2003 was a key selling point for us. They also met our high security requirements.”

The Results

Miller says that the whole process with BUMI, from pre-sale through implementation, ran seamlessly due to the team’s technical expertise and proactive customer service.

“BUMI takes complete ownership of the monitoring and managing of our data backup, making it hands free for us,” Miller says. “They are a secure, professional, and white glove hosted backup company that provides exactly the kind of service and solution we need.”

 

serengeti_logo Industry: Financial Services

“Since I was looking for long term retention, I wanted a stable and established company. Knowing that BUMI has offered hosted backup service since 2003 was a key selling point for us. They also met our high security requirements.”

Jeff Miller, Chief Technological Officer

“BUMI takes complete ownership of the monitoring and managing of our data backup, making it hands free for us. They are a secure, professional, and white glove hosted backup company that provides exactly the kind of service and solution we needed.”

Jeff Miller, Chief Technological Officer