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.
In this Whitepaper, explore how one company made strides in upgrading their backup solution for long-term retention in light of the federal regulations.