UK - OTC derivatives, 'added-value' products and pooled funds were the three principle areas where UK investment managers had operational concerns, according to the results of a survey carried out by Investit Intelligence.
The questions surrounding OTC derivatives included, what control mechanisms COOs should be putting in place, what training was needed and how results should be reported to clients.
With regards to the "ever-increasing range" of 'added-value' products and services launched by custodian banks, investment managers questioned their worth and asked where and how value could best be added.
The concerns surrounding pooled funds focused on "the challenges of structuring, operating and administering" these investment vehicles, which can now cross national and jurisdictional borders and could be further complicated by DC and LDI.
For the survey, which was intended to help the consultancy decide the focus for future industry research projects, Investit interviewed professionals from 20 investment management companies.
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