US fund managers seek outsourced shadow accounting

LONDON – Fund managers in the US have begun to use outsourced shadow accounting to improve operational risk oversight and provide third-party objectivity for investor disclosure. Outsourced shadow accounting will be used to mitigate general operational risks, improve the accurate execution and valuation of trades made (or made on a manager’s behalf), and ensure reported results calculated by managers or administrators are accurate, according to a white paper entitled Shadow Accoun