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Komfie Manalo, Opalesque Asia: Investors are looking for institutionalized hedge funds and CTAs, because of the need for a defined process and a sophisticated infrastructure for compliance, accounting, and technology, along with business continuity and succession plans , according to Arthur Bell, founder of Arthur Bell CPAs, an accountancy firm.
Bell said during the recent Baltimore Opalesque Roundtable, "Investors want to know what your structure is; what your backup systems are; what your IT and security looks like. These things now have a much greater priority. As a result, we are seeing more clients trying to institutionalize and structure their operations as they get bigger."
Bell also noted a growing trend amongst investors and managers. He said that managers are increasingly focusing on their core competencies and outsourcing as much as they can.
"The more they can outsource, the happier they are. They are looking at systems outsourcing, not trading systems, but operational systems or financial systems. The internal audit is being outsourced where that’s possible, even the risk analysis. Outsourcing these areas can be less costly overall and a lot easier to manage, so we are seeing more-and-more of that as a trend," Bell said.
The 2015 Baltimore Opalesque Roundtable, sponsored by Arthur Bell CPAs, took ...................... To view our full article Click here
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