Jervis Smith, country managing director of Vistra Luxembourg, recently talked to European private equity media Unquote, "Margins in asset management have traditionally been higher; therefore, the industry experienced less cost pressure compared with banks or insurance companies. Their main focus was the performance of funds rather than making their own operations more efficient.”
“However, in the past few years, fund administrators around the globe have taken a different position: performance might be transitory, so services need to be constantly good and cost-efficient."
As a result, fund administrators are stepping up in terms of tech offering by providing clients with web-based front-end tools to access data, help model “what if” scenarios, as well as allowing faster reporting.
For example, Vistra has developed a digital portal and system, which enable portfolio managers to have a holistic view of their fund performance and provide global oversight of fund operations, enhancing efficiency and client experience. Greater transparency also allows clients to make more informed decisions.
The article also cited Vistra's latest Private Equity Fund Governance Report 2019, which reveals that technology upgrading is a high priority for the private equity community across the board, based on the responses provided by limited partners (LPs), general partners (GPs) and intermediaries across Asia, Europe and the US.
Read the full article here (for subscribers only) or learn about our private equity fund services here.
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2023 by Vistra Group Holdings SA. All Rights Reserved.
Domiciling funds in Luxembourg for EU market access: What fund managers should know
30 Nov 2023
Luxembourg has long been a prominent player in the alternative investment market and is the top domiciliation choice in Europe and one of the most popular globally. The country is poised to become…
The basics of customs duties for multinational organisations
22 Nov 2023
Vistra appoints Frank Roden as Country Managing Director, Vistra Luxembourg
21 Nov 2023
Transitioning from equity to credit in private markets
16 Nov 2023
The benefits of outsourcing fund administration
08 Nov 2023
How to prepare for the EU’s BEFIT initiative
01 Nov 2023