A Bahamas-based EY (Ernst & Young) partner says the COVID-19 pandemic has only further accelerated the global investment fund industry s embrace of technology.
“The technological transformation occurring in the alternative fund industry has been accelerating quickly over the past few years, and the COVID-19 pandemic only further accelerated change,” said Tiffany Norris-Pilcher, who is also the accounting firm s regional emerging manager platform leader. “Alternative fund managers that haven’t made technology the focus will lag the competition in the years to come.”
She spoke out after EY released its 2020 Global Alternative Fund Survey, which found that the industry had risen to the occasion sparked by the COVID-19 pandemic in terms of investors’ expectations and managerial performance.