The current market environment presents an ideal opportunity to redefine oversight for outsourced or off-shored fund accounting, fund administration, and middle office functions.
âInvestment managers may be assuming unnecessary risk and missing out on cost savings if they have not recently reviewed and streamlined their oversight activities,â said Gerry Healy, Managing Director of Beacon. âA review allows investment managers to simultaneously achieve two critical goals: managing operational risk and reducing costs.â
"Oversight: Getting It Right With Your Service Provider" highlights the importance of defining an oversight model based on a comprehensive, process-based risk assessment. The right oversight model can achieve desired efficiencies, scalability, and cost savings, all without increasing operational risk.
The report outlines a proven approach that ensures that matches oversight activities with relative risks.