Back and middle office functions such as evaluated pricing for illiquid instruments, data management, corporate actions processing and risk management are all on the radar for potential outsourcing by asset managers over the next three years, according to a recent survey by Citi. The survey, which involved 237 asset managers from 29 countries, indicates that 28% of respondents have already outsourced the valuation of illiquid investments and 22% are planning to do so in the next three years.

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