Fund administrators welcome competition

What about the large funds starting to offer fund administration to other funds? Is this a threat to traditional fund administrators? Is it a positive or negative for the industry?

"As long as the administrator remains as an independent party to the fund in all respects, then investors can only gain from having providers to choose from," believes Mara Alido of ATU Fund Administrators. "However, it is important that the administrator is licensed in a reputable jurisdiction, that they are fit and proper and have a team of qualified and specialised professionals that stay on top of the changes in accounting and valuation policies, the advantages and threats of the fund