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From Kirsten Bischoff, Opalesque New York:
The traditional role of fund administrator was providing NAV calculation, Anti-Money Laundering and transfer agency work. Over time, outright frauds, demands by investors on managers for more information, more frequently, and the need by managers to operate more efficiently has dramatically accelerated what has been a growing demand. That demand has been for the fund administrator to provide more help with middle and back office support, independent valuations, daily operational support, reporting and more. Although the need for administrators to provide this support has grown significantly over the past three years, some administrators struggled to make this shift and deliver higher levels of service that has been demanded on eroding asset bases. Those administrators that were set up to offer clients these services in advance of the financial crisis, or who were big enough to take on the cost of adding them in (i.e., investor relations support, daily reconciliations, high-level reporting, etc) are those that have done well and are poised to take advantage of the asset growth managers are beginning to see.
"If you do things right and you add real value you have a shot of hanging in there and even growing during difficult times," Paul Chain, President of AIS told Opalesque. The firm, which was recognized as the seventh fastest growing company in New Jersey, has not sim...................... To view our full article Click here
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