Funds will gain greater insight into service providers’ controls from May 2017 after an increase in the detail required for SOC 1 reports.

The Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD) has reached key milestones, and there are areas that require special attention from global private equity and real estate funds.

In November 2016, a group of over 100 countries (developed and developing) concluded the MLI’s development. Participating countries are expected to sign it in June 2017.

After remaining static for many years, the alternative fund administration model is changing. As many hedge funds face fee compression, they are seeking to reduce costs by turning to bespoke forms of outsourcing.