Hedge Fund Custodians Rise to the Call
I recently read a short article by Euromoney on how custodians which were often seen as commodity businesses have become safe havens to sovereign wealth funds, hedge funds and investors who more than ever need a safe place to keep their assets. As discussed in the past many boards, institutional consultants and industry leaders are calling for independent fund administration - spurring a huge increase in AUM for some custodians.Many I have spoken to recently are too busy to see straight and a few are hiring. To read the article on this topic now please click here.
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