21.04.2011 Opalesque Exclusive: Demands for stronger hedge fund infrastructures backed by more than empty threats by institutional investors
From Kirsten Bischoff, Opalesque New York:

The first muscle flexing from institutional investors unsatisfied with hedge fund infrastructures following the credit crisis came from UBP, which demanded all underlying managers utilize third party administrators. Soon, some of the largest and oldest hedge funds still performing their own in-house administration services were transitioning those re

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