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NECESSARY EVIL OR KEY TO SUCCESS?

September 2011

Rod white, director at Equinoxe, emphasises the importance of full third party administration and the weakness of balance sheet verification and NAV light services.

What is the contribution of an independent third-party hedge fund administrator in the success of a hedge fund? For too long, investment managers and investors have ignored what should be sensible business practice and allowed services such as NAV Light and balance sheet verification to replace independent third-party hedge fund administration without understanding the risks attached to such practices.

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