| 24.06.2009 Opalesque Exclusive: Part Three: The two converging forces behind investor demand for third party administrators are independent valuations and fraud control |
| From Kirsten Bischoff, Opalesque New York: The concept of operational due diligence has only existed as a formal consideration for about five or six years. Prior to Madoff, investors' main reason for wanting funds to have third party administrators was for increased transparency into the valuation portfolio holdings. Blow-ups such as Beacon Hill Advisors were behind this push. (At its p |
| Article source: http://www.opalesque.com/52883/administrator/Part_Two_Investors_may_demand410.html - Opalesque is not responsible for the content of external internet sites |