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Komfie Manalo, Opalesque Asia: With a high shutdown rate for emerging managers, fund administrators are
looking at a fund’s historical performance and business acumen as key
parameters in gauging when onboarding clients.
Speaking during the Opalesque 2016 Connecticut Roundtable, Jason Brandt,
regional head of Fund Services, Americas at Maples Fund
Services, added that his firm would assess if the manager's
historical performance will be transferable and that he and his (new)
team have the ability to generate returns also going forward.
He said, "Portfolio management experience is clearly a critical
indicator of a manager's ability to succeed but most of the time
managers are no longer simply running a portfolio. They are managing the
business and everyone and everything that falls under that umbrella.
Consequently, we have to screen for their business acumen and whom they
will align themselves with in their third party outsourcing, including
prime brokers, audit firms, law firms or outsourced compliance
providers."
A fund manager’s experience, performance history and business acumen
will determine the fund’s long-term survival and success. And once all
these factors have been considered, a fund administrator is forced to
take an educated guess to predict a person’s success rate.
Brandt s...................... To view our full article Click here
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