Keeping a tidy office

Within the offshore world, the outsourcing of administration is standard practice among the well-established fund players. For new or emerging managers, outsourcing is not seen as an immediate necessity, but it can have substantial positive effects on the success of the business. Additionally, by providing an extra level of support to the manager, the third-party servicing provider can add value to its client relationships by approaching its role as a 'partnership.' Emerging managers are new management teams establishing independent investment management businesses ' a burgeoning trend in...