Asian GPs want training from fund administrators - survey

Fund administrator Augentius spoke to private equity and real estate investors globally about their expectations for 2016 and what they want from outsourced service providers. While the number of respondents in the US and Europe, the Middle East and Africa (EMEA) citing tax regulation as a challenge dropped from previous years, Asian GPs see it as the primary challenge over the next 12 months.

Augentius suggested this is evidence that managers in the US and EMEA feel the bulk of work required to comply with legislation such as the US Foreign Account Tax Compliance Act (FATCA) - designed to help regulators root out taxpayers with assets secreted offshore - is behind them. For GPs in Asia, however, the process of establishing which LPs fall under FATCA's jurisdiction and putting in place the infrastructure for ongoing reporting may not be complete.

After training, Asia-based respondents said the additional service they would most like administrators to provide is regulatory reporting, with 24%. It was followed by enhanced investor reporting and tax services at 18% and 17%, respectively. Among respondents globally, enhanced investor reporting is most in demand.

Asked what they value most in a fund administrator, Asian GPs ranked technology platform and strength of people highest. More than 50% increased the scope of their outsourcing in 2015 and just over two thirds expect it to increase again in 2016. In contrast, the majority of respondents globally anticipate no change in their outsourcing.

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