Many administrators experienced a more positive year in 2009, although the pick-up in assets under administration (AUA) was somewhat dampened, only increasing in the second half of the year. For 2010 there is a much more optimistic outlook, with many forecasting significant growth, albeit from depressed AUA levels.
To date none of Omnium’s clients have resigned to switch to another administrator, says John Buckley. “Although some funds faced difficulties raising capital in 2009 and industry-wide
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