Beacon Consulting Group, a strategic and operational consulting firm to the investment management industry, releases “How to Select and Convert Fund Administrators”, the inaugural paper in its new series “Standing Out – Operational Excellence for Hedge Fund Managers”.
The paper provides hedge fund managers an overview of the essential steps in selecting and converting to a new fund administrator.
The paper outlines the importance of investing in a comprehensive current state assessment as a precursor to the selection and conversion process. The review will enhance the overall RFP process and ensure that the selected administrator’s service offerings are aligned with the hedge fund manager’s needs.
The paper also delivers substantive considerations to resolve during the due diligence review of the potential fund administrator’s trade processing, accounting, valuation and investor reporting capabilities.
“Transitioning to a new fund administrator is an important decision with potentially far reaching consequences, right down to the investor level,” says Girard Healy, managing director, Beacon Consulting Group.
“A well-planned and disciplined conversion process can ensure a successful, long term relationship with the fund administrator. The paper is an excellent resource for the hedge fund manager considering a transition to a new fund administrator and for the manager who is moving away from self-administration,”
“Our new series, ‘Standing Out – Operational Excellence for Hedge Fund Managers’ brings Beacon’s deep operational expertise to hedge fund managers at a time when operational transparency and integrity is of primary importance”, says Keith Brown, president, Beacon Consulting Group.
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