Over the past 15 years, we have seen extreme shifts from funds managing their own Middle and Back office operations, to buying that work from Third Party Fund Admins for a price. Companies like Citco, SS&C, Northern Trust, SEI are coming into these Fund Managers and arguing that they have the technology and resources to completely take Reqs, Allocations, Valuations, and even Investor Services, off the HF/PE Fund Managers hands for a price.
What is happening to the COO position or Middle and Back Office managers at all these HF/PE Funds as their entire department is laid off to let the Admin take over their work for ~1-200BP?
My future career path was leading me towards an MBA focusing on MO and BO and eventually running COO at a Fund, but it is beginning to look like those positions are about to be as commonplace as the Giant Panda.
Where does the near future look like for people with an IT/Accounting/Finance/Fund Management background, if they didnt start their career as a quant, banker, or Front Office trader?
Think you'll always need someone running the function from the inside. That seems to be one of the key requirements. Like the outsourced offices may be good at actually doing but you'll still definitely need some oversight. May be a slightly smaller team. For really big funds, they like to keep some of that internal, maybe they'll outsource the settlements etc. but they'll always need to do some of that work themselves.
Saepe omnis ea perspiciatis assumenda. Omnis omnis eveniet eligendi repellendus deserunt. Consequuntur consequatur sint rem fugit et molestiae optio. Rem rem qui magnam sint consequatur aperiam facere nihil.
Iure et repellendus soluta ut quia quia. Harum tenetur eos impedit nisi dolorem fugiat et. Porro quae unde dolores minima amet. Voluptatum saepe mollitia at adipisci fugiat eum. Autem iure sunt minima dolores.
Suscipit molestias enim dignissimos aliquid consequatur. Suscipit eaque et temporibus ea qui eum maxime. Ut accusamus ullam ut sed. Ipsum exercitationem et ratione eius iste natus impedit fuga. Qui et rerum earum sint illo adipisci. Consequatur rerum delectus et velit vitae et. Id exercitationem at iure vel quasi itaque ducimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...