Why Fund Managers Are Switching Fund Administration to Ocorian

Experienced fund managers know how important it is to re-evaluate their third-party fund administration providers every once in a while.

Many are making the switch to our very own Ocorian. In fact, one of our biggest sources of new business has been migrations from competitor providers.

But what drives this shift? That’s actually something we wondered ourselves. So, to answer this question, we sat down and took a deeper dive into what makes fund managers switch to Ocorian for third-party fund administration.

We pinpointed five key reasons:
 

5 Key Reasons for Fund Managers Switching to Ocorian’s Fund Administration Services

1. Dedicated onboarding and solutions team 

Migrations are a core part of Ocorian’s business and a key driver of our growth and success. However, switching fund administrators can be challenging.

To help managers ensure a seamless transition, we’ve built a dedicated onboarding and solutions team. It comprises experts from all areas of the business, working together across jurisdictions to ensure your onboarding goes smoothly.

What Sets Ocorian Apart?

• Expert-Led Onboarding: A team of specialists manages every aspect of the migration, including data backfilling and reconciliation, ensuring accuracy and continuity.
• Structured Process: Clients receive regular updates, transparent progress tracking, and performance insights throughout the transition.
• Proven Track Record: In 2022 alone, Ocorian successfully migrated over 40 funds from competitors, minimising downtime and operational risks for fund managers.
• Investor Confidence: By maintaining uninterrupted reporting and governance standards, Ocorian safeguards fund managers’ credibility with investors.

Our solutions team works closely with our client-facing team to ensure a smooth handover when your onboarding is complete. 

2. Advanced Technology 

Technology plays a crucial role in modern fund administration, and Ocorian leads the industry with the latest eFront technology. In fact, we’re one of the biggest licensees of eFront in the market.

All our functions are centralised in one system, enabling us to run the same reporting across multi-domiciled funds. We have invested heavily in our technology platform to maximise automation while keeping it flexible enough to accept the latest upgrades with new functionality to further drive automation and efficiencies. This means we are always working with the most up-to-date version of eFront. 

Key Benefits of Ocorian’s Custom eFront Technology

• Automation & Efficiency: Reduces manual errors, enhances bookkeeping, and speeds up reconciliation processes.
• Real-Time Data & Reporting: Provides accurate, up-to-date investor and performance reports across multiple jurisdictions.
• Scalability: Adapts to fund managers’ evolving needs, integrating the latest upgrades to drive automation and efficiency.
• Regulatory Readiness: Ensures seamless compliance with global and regional regulatory requirements.

Thanks to our investment in technology, everything runs through a single system, and most bookkeeping functions are carried out as a by-product of our system usage. This allows our team to concentrate on quality control and analysis. 

3. Regulatory Compliance Expertise

Regulatory compliance is a top concern for fund managers and something many fund administrators struggle with. It’s a common issue in the industry, as constantly evolving rules across jurisdictions can make staying compliant challenging.

Not for us.

Ocorian simplifies this process by offering specialist expertise in fund regulation with expertise from our specialist funds team at our subsidiary, Bovill Newgate.

How Ocorian Supports Regulatory Compliance

• Global Compliance Coverage: Expertise in major fund domiciles, ensuring adherence to local and international regulations.
• AML & Due Diligence Services: Comprehensive anti-money laundering (AML) support and Know Your Customer (KYC) compliance.
• Filing & Reporting Assistance: Ensuring accurate and timely submissions of statutory filings, FATCA/CRS compliance, and investor disclosures.
• Audit & Solvency Support: Guidance through audit processes and regulatory capital requirements.

Ocorian’s compliance framework helps fund managers mitigate risks while ensuring transparency and trust with investors.

4. Expertise in Alternative Investment Funds

Not all fund administrators have the deep sector knowledge required to manage alternative investment funds effectively. Ocorian stands out with specialised expertise in private equity, real estate, infrastructure, debt, and venture capital funds.

This diversified pool of tailored fund administration services allows us to stand out from the competition, attracting more fund managers in the process.

Why Alternative Fund Managers Choose Ocorian

• Tailored Solutions: Services adapted to the unique needs of alternative asset classes.
• Multi-Domicile Expertise: Seamless fund administration across Europe, Asia, and the Americas.
• Investor-Centric Approach: High-quality investor reporting, governance, and operational oversight.
• Scalability: We offer flexible solutions that grow alongside fund managers’ portfolios.
   

5. Long-Term Value & Excellence at a Competitive Price

Choosing a third-party fund administrator isn’t just about migration; it’s about building a long-term strategic partnership. Ocorian fosters lasting relationships with fund managers, providing continued support, efficiency, and adaptability.

Many third-party administrators fail to provide this level of continued support and value, forcing fund managers to look for an alternative. Once they find Ocorian, they stay with us for years.

The Ocorian Advantage in Long-Term Partnerships

• Proactive Relationship Management: Dedicated account managers ensure ongoing operational excellence.
• Continuous Technology Upgrades: Regular enhancements to the eFront system keep fund managers ahead of industry trends.
• Cost-Effective Excellence: We offer competitive pricing without compromising on quality or service levels.
• Adaptability to Market Changes: Helping funds scale, navigate regulatory changes, and optimise performance.

Additionally, all our teams are based in fund centres, where we have access to staff with specific experience in the unique discipline of fund accounting. This allows us to offer you a competitive price for the fund accounting excellence this brings.  
 

Charlotte Cruickshank, Head of Solutions and Onboarding at Ocorian Fund Services, says:

“We win lots of business for the reasons above, however, the success of the long-term partnership really comes down to the client’s faith in our ability to deliver on the promises that we have made. This comes from collaboration with the client, from understanding their requirements, understanding the needs of their portfolio and working within the parameters to deliver what we have promised.”

Ready to Switch Fund Administrators?

Ocorian has over 30 years of experience delivering operational excellence across our fund administration, AIFM, accounting and depositary services to the world’s largest institutions, along with dynamic start-up fund managers and boutique houses.

To arrange a call to discuss your requirements, please contact our Fund Services Business Development Team.

Download our free guide: A complete guide to switching your fund administrator