Savings targets high on ‘to do’ list

Global Administration Round Table: Confronting a challenging environment

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With assets under administration down significantly in 2009 compared with 2008, the entire hedge fund industry, including administrators, will be looking for cost savings and a way to make processes more efficient and effective without adding expenditure.

Administration costs are increasingly important, notes Kenneth Farrugia at Valletta Fund Services. “Funds in the sub-€50 million bracket are being hit by relatively high administration fee minima and this builds a strong case for funds to be re-

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