What Shadow Administration Really Means (Citco Fund Services (USA) Inc.)

March 2013

KEYWORDS: hedge funds, Hedge Fund Managers, hedge fund administration, shadow administration, portfolios, Ernst & Young, Survey, outsourcing, reporting requirements, transparency, recordkeeping requirements, assets under management, AUM, Institutional Investors, service providers, hedge fund infrastructure

Authors:

William Keunen

Organizations:
  • Citco Fund Services (USA) Inc.

Summary:

Considerable interest has been shown of late in the supposedly new concept of shadow administration, particularly in light of the news that the world’s largest hedge fund has effectively appointed two administrators. But, in reality, shadow administration has been around since the beginning of hedge funds; the difference is that the industry now focuses much more on the operational process and analyses new trends with greater interest.

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