Savings targets high on ‘to do’ list

How are costs going to change over the medium and long term? How much is it a factor in the choice of an administrator? Are we going to see commoditised services?

With assets under administration down significantly in 2009 compared with 2008, the entire hedge fund industry, including administrators, will be looking for cost savings and a way to make processes more efficient and effective without adding expenditure.

Administration costs are increasingly important, notes Kenneth Farrugia at Valletta Fund Services. “Funds in the sub-€50 million bracket are being hit by relatively high administration fee minima and this builds a strong case for funds to be re