Fund Managers
The Australian funds management industry is the fourth largest in the world, and the largest in Asia Funds under management (FUM) in this industry (excluding assets held by superannuation funds), are expected reach around $672.5 billion at June 2011.
However, the industry is facing increasing competition from supplementary financial services sectors and growing investor awareness of attractive investment alternatives such as separate managed accounts, hedge funds and exchange traded funds. This trend will continue to put pressure on the Australian fund managers to enhance product and service offerings to remain competitive. Consequently, fund managers must investigate ways to amplify operational efficiencies and client service capabilities.
Foxrock team guides fund managers through the various business challenges they face in their development. For existing fund businesses, the team assists clients as their businesses grow and evolve. For example, we utilize our deep industry experience to provide strategic, operations and technology solutions across the spectrum of the fund operations supply chain functions.
Some of our services include:
- Undertake a formal service quality and fee benchmarking review jointly on behalf of a fund manager and service provider.
- Streamline multiple custodians and place an optimum single full service provider structure in place.
- Review the SLA covering fund administration functions. Negotiated and agreed new KPI and associated targets that are in line with best industry practice.
- Undertake fee benchmarking reviews so that fund managers can establish their relative position versus their peer group.
- Fee renegotiations with client’s service providers.