While an independent third-party administrator is usual for European-based fund managers and is often a legal requirement, funds in the US are still resisting the move. However, investors are keen to see separate and independent verification and checks on all aspects of a fund’s activities, so many expect the vast majority of funds to outsource administration in future.
Independent administration is absolutely critical for a fund, declares John McCann at Trinity. “Self-administration seems to be
The week on Risk.net, October 6-12, 2017Receive this by email