The race to meet the May 25 deadline for the EU’s General Data Privacy Regulation is a race that many hedge funds and other buy-side firms do not expect to finish. It is not feasible for a fund to invest in all of the technology and teams to manage all of the processes related to GDPR, Chris Grandi, CEO of private-cloud host Abacus Group, told Markets Media. “It is like 15 years ago when nobody really had a chief compliance officer, but then everyone was required to have one,” he said.