Head in the clouds

Actually, the tension had come about because Simon Hazlitt, client services director and co-founder of Majedie Asset Management, had just delivered a keynote address in which he explained his firm's use of technology. The £4 billion London-based manager employs only 19 people and takes all of its technology on a hosted basis, meaning that its in-house IT costs are near-zero and the platform can scale infinitely as assets grow. Majedie's IT infrastructure amounts to little more than a handful of

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