Lean on Them: Funds Increasingly Turn to Administrators
As a result of 2008, fund admins are having to build out their data mgmt capabilities.
The word “lean” has several definitions. Take, for example, how musician Bill Withers famously sang, “Lean on me, when you’re not strong, and I’ll be your friend, I’ll help you carry on.”
Publicly, this is how hedge funds and fund administrators would like to portray their relationships. Since the global financial crisis, hedge funds have been embattled as assets under management fell by over 30 percent between 2007 and 2008, according to consultancy Capgemini. Hedge funds had never had the
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