A combination of factors is pushing hedge funds into the arms of non-conflicted third parties for a growing range of operational and administrative functions. According to a report* by bank of New York Mellon and Casey Quirk, stronger in-house operations and controls will be needed by funds to monitor outsourced activities. At the same time this outsourcing should provide faster and more detailed reports to investors, regulators and the funds themselves.
Coupled with this is the sudden and
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