Abacus Releases Buy-Side File Hosting Service

Chris Grandi, Abacus

Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has introduced FlexDrive, a file-hosting service that allows hedge funds and private equity firms to share and transfer files with other users and other devices.

FlexDrive provides on-demand cloud storage and sharing as well as instant file synchronization, giving users access to their files on any device.

The FlexDrive server is located in the Abacus Group private cloud. Data stored with FlexDrive is synced across multiple machines and the internet, allowing users to work with Excel files that have Bloomberg Data Point (BDP) links coming in from Bloomberg.

"For many funds, keeping track of documents and data files across different computers, smartphones and various users can be really challenging," says Art Murphy, director of client development at Abacus Group. "With Abacus FlexDrive, your business partners in other states and countries can share files and collaborate on projects with assurance that they are all working from the right documents within a highly secure and reliable environment."

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