| 12.11.2009 Opalesque Exclusive: Over 50% of hedge funds expected to require daily NAV reporting, operational integrity is the newest asset raising requirement |
| From Kirsten Bischoff, Opalesque New York: In a historic display of hedge fund investor strength, demand for increased transparency drove fund firms hoping to grow assets in the post-Madoff era to adopt third party administration as a "best practice", minimum standard even without a formal regulatory requirement. The use of third party administrators may wind up being the most |