"For Mark Drury, partner at Reed Smith there are no clear regulatory headwinds, but managers need to be able to show they know the market well and have good outsourcing arrangements.

“The regulatory landscape is relatively stable now,” he notes, “the real differentiator is execution and credibility.”

It is key to get the infrastructure right and choose the right operational model for you, Drury points out. “Getting the right people in place, choosing the right arranging bank and definitely making sure you have the best lawyers you can, because they are working around the clock for you,” he says.

To new market entrants, the message from the experts is clear: get everything lined up before you decide to jump in."

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