Leading fund managers believe risk management and decision making could be improved at their firms, and cite technology as central to improving compliance and governance standards in the private funds industry, according to a recent survey.
The poll of 39 fund managers — including limited partners — undertaken by online board portal provider eShare found 84 percent in agreement that their organization could improve operations surrounding risk management and decision-making. At the same time, almost all fund managers said that demonstrating greater transparency in decision-making will be crucial for the industry. More than two-thirds of respondents said that technology is the future for improving transparency and governance standards within the funds industry.
“Transparency is essential in modern fund management and demonstrating this is right at the top of the agenda for most fund managers, keen to reassure clients and regulators alike,” said Camilla Braithwaite at eShare. “Technology can play a significant role in this, showing how decisions were reached and supporting governance and compliance requirements. The industry has woken up to the potential of technology to help in this way, and the research would suggest that the mood within fund management is positive.”
New regulations such as the General Data Protection Regulation and the Markets in Financial Instruments Directive II (MiFID II), as well as updates to the Alternative Investment Fund Managers Directive, have pushed the issue of transparency and governance up the agenda of fund managers.
The survey also found that the European funds industry still has major concerns over Brexit, with more than half saying it is one of the biggest issues facing the funds industry in 2018.
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