Read how our client who is experiencing strong growth and opportunities following a merger overcame the challenges of managing their oversight processes.
It was increasing fund complexity that our client noted as a key reason for choosing to outsource their fund accounting processing to a third-party service provider allowing them to focus on their in-house areas of expertise. However, despite our client no longer performing their own fund accounting function having outsourced it to a TPA, they must still maintain oversight as they retain the responsibility to their clients to look after their best interests. It is this oversight responsibility that is driving the fund managers to seek better solutions to help them manage the burden.