Covid-19 Piles Pressure on Fund Accounting
Fund administrators are dealing with unprecedented volumes of pricing information and exceptions.
Fund administrators and back-office teams have been struggling to process unprecedented volumes of pricing information and transactions since the beginning of March, when the spread of the coronavirus sent global markets into a frenzy.
In the first weeks, as workforces were ordered to work from home, fund accountants scrambled to gain access to the controls, technical arrangements and data they needed. Tech teams had to engineer industrial set-ups, enable remote connectivity, and scale-up
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