Industry braces for contraction
What are the main challenges facing fund administrators over the next 12 months?
No one denies 2008 was a difficult year for the hedge fund industry. When assets under management (AUM) decline, so too do assets under administration (AUA). Entering 2009, most fund administrators are braced for a more challenging environment and are looking ahead to how the service industry will be evolving in response to fewer funds and more regulation.
“Events in 2008 made it clear no one is immune from credit deterioration. Hedge funds are no longer able to take the credit of counterparties
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