News & Events

In the FundFire Article; Real Assets Managers Step Up Fund Outsourcing by Tom Stabile, Max M. Kimpton, Senior Manager at Castle Hall comments " The real assets outsourcing appears to especially involve big fund managers, often to please larger, more sophisticated institutional investor clients. There is much less activity in the rest of the market."

“Big investors primarily have three goals in mind with ongoing private fund due diligence – verifying the existence of assets, confirming the validity of valuations, and ensuring the presence of cash controls to prevent fraud or theft, Kimpton says. Most fund administrators are expected to at least provide services on the valuation and cash control concerns, he says."

"Several recent administrator hires also have involved managers of open-end funds, which raise capital on a continual basis and allow periodic redemptions – a common format in core real estate and infrastructure investment strategies where investors increasingly demand reliable, independent valuation estimates, Kimpton says."

To read the full article click here.