How to choose a fund administrator
July 13, 2017

The Alternative Investment Management Association (AIMA) has published a guide for alternative investment managers to use when choosing a fund administrator. It says the guide also provides guidance on how managers should periodically assess their existing administrators.

The AIMA guide, previously published in 2009, has been revised to reflect changes to standards for cyber security, recordkeeping and anti-money laundering checks. It takes account of the fund and investment manager's relationship with the administrator in light of the changes imposed by the Alternative Investment Fund Managers Directive (AIFMD) in Europe in relation to valuation processes and systemic risk reporting and the Dodd-Frank Act in relation to systemic risk reporting and record keeping, for example.

AIMA says the guide also reflects the modern fund administration sector, which has expanded as hedge fund managers and other alternative investment managers have diversified and as industry practices around transparency and outsourcing have evolved.

The guide is sponsored by PwC and SS&C GlobeOp. The Irish Funds Industry Association (Irish Funds) was a member of the working group that helped to produce it.

AIMA Chief Executive Officer Jack Inglis said: "Fund administrators are an essential part of the alternative investment ecosystem and their role has never been more important as regulations and standards have evolved since the financial crisis. We believe our new guide will be a valuable tool for alternative investment managers when it comes to navigating this complex but vital space."

Edwin Chan, Senior Director, EMEA Business Development at SS&C GlobeOp, said: "The working group suggested investment managers choose an administrator based on the following criteria: the administrator provides full transparency, is a leader in technology development, and has the capacity to become a true partner. To have a successful long-term partnership with an administrator, an investment manager should choose a provider that can meet current needs and can scale to support future needs. Today's alternative fund management environment is evolving quickly. This guide will help investment managers navigate the changes efficiently and confidently."

Asset management firms can gain valuable insight on how their fund administrator performs at ServiceMatrix.





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The Alternative Investment Management Association (AIMA) has published a guide for alternative investment managers to use when choosing a fund administrator. It says the guide also provides guidance on how managers should periodically assess their existing administrators.

The AIMA guide, previously published in 2009, has been revised to reflect changes to standards for cyber security, recordkeeping and anti-money laundering checks. It takes account of the fund and investment manager's relationship with the administrator in light of the changes imposed by the Alternative Investment Fund Managers Directive (AIFMD) in Europe in relation to valuation processes and systemic risk reporting and the Dodd-Frank Act in relation to systemic risk reporting and record keeping, for example.

AIMA says the guide also reflects the modern fund administration sector, which has expanded as hedge fund managers and other alternative investment managers have diversified and as industry practices around transparency and outsourcing have evolved.

The guide is sponsored by PwC and SS&C GlobeOp. The Irish Funds Industry Association (Irish Funds) was a member of the working group that helped to produce it.

AIMA Chief Executive Officer Jack Inglis said: "Fund administrators are an essential part of the alternative investment ecosystem and their role has never been more important as regulations and standards have evolved since the financial crisis. We believe our new guide will be a valuable tool for alternative investment managers when it comes to navigating this complex but vital space."

Edwin Chan, Senior Director, EMEA Business Development at SS&C GlobeOp, said: "The working group suggested investment managers choose an administrator based on the following criteria: the administrator provides full transparency, is a leader in technology development, and has the capacity to become a true partner. To have a successful long-term partnership with an administrator, an investment manager should choose a provider that can meet current needs and can scale to support future needs. Today's alternative fund management environment is evolving quickly. This guide will help investment managers navigate the changes efficiently and confidently."

Asset management firms can gain valuable insight on how their fund administrator performs at ServiceMatrix.



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