Large managers are increasingly outsourcing a tailored set of fund administration functions to improve efficiency and control costs. As new regulations and increasingly complex collateral pools have forced hedge fund managers to step up collateral and treasury management activities, so they have turned to fund administrators for assistance.

Funds will gain greater insight into service providers’ controls from May 2017 after an increase in the detail required for SOC 1 reports.

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.