Industry adjustments expected
What impact, if any, do you expect the economic turmoil, credit crunch and general volatility of the market to have on fund administrators and their hedge fund clients in 2009? Do you expect permanent and significant changes as a result?
Most administrators expect significant changes in the behaviour of hedge funds as a result of restricted liquidity, increased awareness of counterparty risk and the need for independent valuations. Many will be looking to outsource some functions.
GlobeOp’s Hans Hufschmid believes that continuing uncertainty in global markets will hamper the sector in the short term. He also expects the market fundamentals to yield mid- and long-term opportunities for top-tier hedge funds and administrators alike
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