Changing fund administrators is easier than you think
Written by Adhitya Wisesa (pictured), Director, SS&C Hedge Fund Services.
Many people across a variety of industries saw the COVID-19 pandemic as an opportunity to reset and make changes where needed. Investors should do the same. Some investors may discover that they’ve outgrown their fund administrator, but the decision to change to a new fund administrator can be a daunting one.
Asia, in particular, has been an interesting environment. The uncertainty created by China’s zero-COVID policy left investors unsure of what might happen next, and the lifting of that policy has had far-reaching effects as borders opened, overseas travel increased and people started to go about their lives more freely again. These more certain times can present an opportunity for funds to assess the past with an eye on the future, and the right fund administrator can make all the difference.
In choosing to change to a new fund administrator, it’s important to select a service provider with a disciplined conversion process to ensure minimal disruption to your team. A service provider with access to best-in-class technology can be especially helpful. The right technology can translate legacy data and formats into new infrastructure. Choose a provider with expertise in aggregating, validating and managing large volumes of unstructured data. This will allow you to meet regulatory, investor and third-party reporting obligations.
The right fund administrator will have the ability to demonstrate a proven conversion planning and execution methodology, advanced technology and experienced change managers. Choose a provider with a modern, scalable technology infrastructure and a capable team that can make your transition seamless and painless.
SS&C is the world’s leading fund administrator, with more than $2 trillion globally in assets under administration. We have a proven conversion methodology, and we have successfully transitioned hundreds of funds to our administration platform and service model. To learn more about how to choose the right fund administrator for your needs, download our “Changing Fund Administrators is Easier Than You Think” whitepaper.
