A method of negotiating memory record ownership between network nodes, comprising: storing in a memory of a first network node a subset of a plurality of memory records and one of a plurality of file system segments of a file system mapping the memory records; receiving a request from a second network node to access a memory record of the memory records subset; identifying the memory record by using the file system segment; deciding, by a placement algorithm, whether to relocate the memory record, from the memory records subset to a second subset of the plurality of memory records stored in a memory of the second network node; when a relocation is not decided, providing remote access of the memory record via a network to the second network node; and when a relocation is decided, relocating the memory record via the network for management by the second network node.