Changing relationships

Global Fund Administration Management Report 2010


Typically the prime broker/custodian is involved with the day-to-day, ‘real-time’ trading activities of a fund and the administrator comes into the picture after the fact or post-trade to book all transactions and reconcile cash and positions, explains Akshaya Bhargava at Butterfield Fulcrum.

“This is changing because administrators are increasingly moving into the middle office, and even the front office in terms of facilitating the daily operations of a hedge fund,” says Bhargava. “There will l