The securities services industry has been turned on its head since the financial crisis. Hedge fund administration in particular has seen its share of changes over that period, from consolidation of the players to the direct effects of increasing regulation, particularly in the United States.
Kristin Steele, head of marketing & business development at ISIS Fund Services USA, discusses those and other trends facing hedge fund administrators today including demands by hedge funds for daily or weekly NAVs, the explosion of middle office outsourcing and an increasing appetite for independent valuations.