With the vast majority of fund companies now outsourcing key functions of their business operations like fund accounting, reviewing the working relationships with service providers is taking on increased importance.

Boston-based Beacon Consulting Group estimated in a recent research report that 85% of asset managers have outsourced some or all of their fund accounting, fund administration or middle office activities. The issue of vendor oversight will be discussed during one of the panels at the Investment Company Institute's Tax and Accounting Conference this week.

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