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Listen "241. Should You Use Third Party Admins For Your Fund?"
Episode Synopsis
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A question that I get a lot from my students is "should I have a third party admin for my fund?"
Well, if we were having this discussion in the pre-Bernie Madoff days, most fund managers would say no, it's okay to do all of your numbers in-house
However, after Bernie Madoff stole billions from his investors over multiple decades, most fund managers (and investors) would say yes, you should definitely have a third party admin set up for your fund
This being said, there are still a few exceptions where it's acceptable to not have a third party admin
We will be talking about this and much more in today's episode
Enjoy🔥
A question that I get a lot from my students is "should I have a third party admin for my fund?"
Well, if we were having this discussion in the pre-Bernie Madoff days, most fund managers would say no, it's okay to do all of your numbers in-house
However, after Bernie Madoff stole billions from his investors over multiple decades, most fund managers (and investors) would say yes, you should definitely have a third party admin set up for your fund
This being said, there are still a few exceptions where it's acceptable to not have a third party admin
We will be talking about this and much more in today's episode
Enjoy🔥
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