How the changing investment fund regulatory environment and the related operational complexity have elevated the role of the third-party administrator.
The ever-evolving investment funds regulatory environment and the associated increase in operational complexity over the past ten years means that the third-party administrator, long a supporting cast member, is ready for the spotlight.
The regulatory requirements that followed in the wake of the late-2000s financial crisis left fund managers under a mountain of paperwork, often drawing resources and attention from their goal of generating market-beating returns for their investors. Enter the third-party administrator, who provides regulatory reporting support via a lens that provides fund managers an independent perspective as well as one that has first-hand knowledge of what works for a given fund type and asset class.
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