Joost Lobler, Global Director of Sales, Fortis
Prime Fund Solutions, tells you what to look for when choosing
One of the most important decisions affecting the success of
your fund will be your choice of administrator. Choosing a
quality administrator/banker, who is able to look after many of
the operational and financial matters and keep your investors
happy, will leave time for the manager to focus on what it does
best: making money for the investors.
The traditional role of the administrator is changing.
Increasingly, administrators are bought by (investment) banks,
who then combine prime brokerage, finance and administration
services into a package. Similarly, some administrators extend
their services further by combining their own services with
those of their parent company (being a bank). The end result is
a service provider that is capable of offering many services
that a hedge fund needs in a one-stop shop....