Chidem Kurdas
Transparency is a term that’s been used a lot for fund managers. But increasingly you hear it applied to fund administrators as well.
Administrators lacked process transparency, says Mike Greenstein, a PricewaterhouseCoopers partner who leads the alternative investments practice. If people understand what administrators do, they will have more trust, so there is a move toward process transparency for administrators, he said, speaking at a conference.
What does process transparency involve? Vernon Barback, president and chief operating officer at GlobeOp Financial Services, an administrator listed on the London Stock Exchange, suggested basic questions from a fund’s investors to its administrator. (more…)
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