Fund administration — managing accounting, reporting, compliance and investor communications for investment funds — has become an important part of running a real estate investment business, according to a blog post by Alliance Global Advisors. This is because regulations are stricter, fund structures are more complicated, and investors are demanding more transparency and access to real-time data.
Many investment managers now hire third-party firms (specialized administrators) to handle these back-office tasks. This allows managers to focus on making investment decisions instead of getting bogged down in operations.
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