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.
Invitation: Private Equity Trends - Where Challenges Meet Opportunities
12 February 2020
Over the past decade, there has been a number of significant developments in the private equity space. While it is evident that opportunities exist, the private equity industry is also facing a number of conflicting pressures…
Webinar: Private Equity - Where Challenges Meet Opportunities
28 January 2020
VAT 101: The basics of indirect tax
23 January 2020
Tips on Global Opportunities in 2020
14 January 2020
Private Equity: Where Challenges Meet Opportunities
13 January 2020
No-deal Brexit? Reporting requirement changes from Companies House that you need to be aware of
13 January 2020