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Cayman Funds 2016

U.S. BANCORP FUND SERVICES CAYMAN FUNDS | 2016 41 Choosing the right fund administrator is an important but often difficult decision. A choice made for the wrong reasons can cost the fund more than the monthly administrative fees. You no longer have to choose between people or technology, fees or location, and platform versus potential. There is no single common denominator or simple equation that allows a manager, weighing multiple proposals, to streamline the selection process. However, today’s fund administrators have devoted substantial time, money and effort to creating solutions that provide a balanced offering to aid in the decision-making process. For most investment managers, a fund administrator represents the missing piece of the puzzle that brings everything together from best practices to operating efficiencies. Therefore, finding a service provider that emphasises the significance of talented people and aligns with your company’s core values, while maintaining a balance between price and technology, is an important and often underestimated challenge. With guidance and due diligence, the search for an administrator can result in identifying many qualified providers that meet your requirements and add additional value to your business. Choosing a partner Today, alternative investment managers should be able to rely on their service partner or administrator to maintain the security and integrity of the data they are entrusted with, and to foster a relationship around core expectations. Administrators who recognise the unique needs of every client and understand that performance metrics, service level standards and initiatives should maximise value and enhance the client’s experience are often recognised as industry leaders and should be strongly considered as partners. Your service partner should strive to be a true extension of your organisation while offering the functional and technical expertise that is required for your fund, regardless of the complexity of the needs. Administrators who are focused on people typically offer a business model that can be tailored and offer consultative services, through which they provide their industry experience to assist clients with all types of business and product design support. Firms who are committed to leading the industry in either mutual fund or alternative investment services, and focus on innovative technology and knowledgeable, customer-focused professionals, will most likely offer the broadest range of top-quality services. Additionally, administrators should be flexible enough to customise their service model to meet your specific needs. Images: Shutterstock / Brian A Jackson


Cayman Funds 2016
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