Part One: Fund Operations - The Rise Of The Machines

In part one of a series of articles assessing fund administration technology, Ocorian Alternative Investments Director, Richard Hansford explores how the role people play in the day-to-day management of fund operations is changing and examines the opportunities and challenges this poses for the industry.

Over the past 15 years, alongside regulation, the evolution of technology has been one of the biggest trends in the fund administration industry.

In years gone by, we had almost all fund administrators using Excel; then we had Excel alongside fund administration systems; and now we have standalone administration platforms capable of the most complicated equalisation and carry arrangements, where we rely on the system.