Beacon Consulting Group Releases Whitepaper on Fund Administrator Conversions for Hedge Funds

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Many hedge fund managers are reviewing the relationship with their current fund administrators. Beacon provides substantive considerations to resolve during due diligence reviews of the potential fund administrators' trade processing, accounting, valuation and investor reporting capabilities.

How to Select and Convert Fund Administrators

Today, Beacon Consulting Group, a strategic and operational consulting firm to the investment management industry, released "How to Select and Convert Fund Administrators", the inaugural paper in its new series "Standing Out - Operational Excellence for Hedge Fund Managers". The paper provides hedge fund managers an overview of the essential steps in selecting and converting to a new fund administrator.

"Transitioning to a new fund administrator is an important decision with potentially far reaching consequences, right down to the investor level. A well-planned and disciplined conversion process can ensure a successful, long term relationship with the fund administrator. The paper is an excellent resource for the hedge fund manager considering a transition to a new fund administrator and for the manager who is moving away from self-administration," said Girard Healy, Managing Director of Beacon Consulting Group.

"Our new series, 'Standing Out - Operational Excellence for Hedge Fund Managers' brings Beacon's deep operational expertise to hedge fund managers at a time when operational transparency and integrity is of primary importance", said Keith Brown, President of Beacon Consulting Group.

The paper outlines the importance of investing in a comprehensive current state assessment as a precursor to the selection and conversion process. The review will enhance the overall RFP process and ensure that the selected administrator's service offerings are aligned with the hedge fund manager's needs. The paper also provides substantive considerations to resolve during the due diligence review of the potential fund administrator's trade processing, accounting, valuation and investor reporting capabilities.

A copy of the report can be obtained at http://www.beaconcgi.com/Beacon_Publications.htm.

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Girard Healy
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