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October 13, 2008

Comments

European Bear

Interesting post. The answer to points 3 and 4 will be no in those jurisdictions that have bank secrecy laws. Luxembourg is one of these, and I suspect Cayman may be as well.

However, what is the risk that an administrator stops functioning from one day to the next? Even in bankruptcy, there will be a period, before employees are fired / start leaving, that will allow some sort of organised handover to new administrators to be carried out.

The Optimist

Two questions to add to that admin DDQ: "Is the administrator profitable?", and, "Does the administrator have any debt?".

Remember, fund admin was a low margin business in the BEST of times...

Will this set off another round of admin M&A for 2009?

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