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Alternative fund managers increasingly turn to third parties for fund administration services (research Ocorian)
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Alternative fund managers are increasingly turning to third-party suppliers to support their fund management business, with 96% planning on using external support over the next three years, according to new research from Ocorian, a specialist provider of alternative fund services and global leader in entity administration, fiduciary and compliance solutions.
The study reveals the top three biggest concerns when it comes to switching provider, which are how quickly and accurately data can be migrated, the perception of investors and the market, and the impact this could have on the reporting cycle.
Despite these concerns, almost one in four (23%) alternative fund managers are looking at switching fund administration provider over the next 18 months in...
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