Opinions differ on 24/7 coverage

Global Administration Round Table: Confronting a challenging environment

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The need for 24/7 global coverage depends very much on the size and nature of the fund client, argues John McCann at Trinity Fund Administration.

“Given the five-day trading week, we’ve focused on providing clients with 24/5 coverage that delivers daily, reconciled portfolio NAVs every morning before the markets open as part of the standard P&L service package,” says Hans Hufschmid at GlobeOp. “This is possible by optimising time zones with offices in three time zones – UK, US and India,” he add