Even among the most respected and well-intentioned asset management operations, there is bound to be an occasional mistake that has widespread financial impact on investors. Whatever the source, the matter has to be remediated, often at a very large scale. It’s disruptive, fraught with risk and potentially costly.Yet, remediation expertise is something most asset managers don’t contemplate in advance preferring to wait until they need it. A lack of foresight, however, can have serious consequences for asset managers and their impacted investors. This whitepaper explores the complexities and challenges that a remediation presents and the steps a firm needs to take to ensure a successful execution. You’ll learn: • The critical milestones and timeframes.• The key information and data you’ll need.• How to measure the economic impacts to the funds and the investors.• The implications and tax compliance steps for the advisers, funds, and investors.• The best ways to get payments to impacted investors.
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