Review/outlook series: Fund managers to expect "ruthless efficiency" from administrators

In what's been a tumultuous year in the financial markets, fund administrators have had a relatively unremarkable 2009. Global fund administrators' business was, for the most part, steady in Asia. Increasing offshore investment flows -- for example, Thai investors poured $2 billion into Korean government bonds this year alone -- and opportunities created by gradual regulatory changes, such as Taiwan's opening of the foreign futures market to Taiwanese investors, were offset by lower …