The Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD) has reached key milestones, and there are areas that require special attention from global private equity and real estate funds.

In November 2016, a group of over 100 countries (developed and developing) concluded the MLI’s development. Participating countries are expected to sign it in June 2017.

After remaining static for many years, the alternative fund administration model is changing. As many hedge funds face fee compression, they are seeking to reduce costs by turning to bespoke forms of outsourcing.

With several Gulf REIT listings expected over the next few years, best-in-class administration systems will give investors comfort.