One of the hardest hit sectors of the hedge funds industry in the Cayman Islands has been fund administration. Just over a year ago, the industry was worried about a shortage of staff. Now several administrators have made staff redundant or are slimming down through natural wastage. Assets under administration (AUA) has shrunk as hedge funds experience high redemptions.
While AUA is down, the workload is up. With gates, side pockets and other ways of coping with illiquid assets in place, fund ad
The week on Risk.net, December 2–8, 2017Receive this by email