Independent administration is essential

Global Administration Round Table: Confronting a challenging environment

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Independent fund administration is already common in most jurisdictions. The US is now expected to join the majority as more investors are beginning to demand independent valuations of funds.

“I can’t think of any situations where it would not be preferable for some form of independent administration to be carried out,” declares Charlie Woolnough at Fortis.

“Of course if a fund invests heavily in its administrative capabilities and is able to offer complete independence to that unit, the fund can