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From the Opalesque team:

Single manager hedge fund AUA increased 19.7% to $2.98tln in 2010, according to the fifth annual Fund Administration Fact Book released by Carbon 360°, a leading provider of technology and operations research for the institutional investment community. Combined alternative assets under administration (AUA), covering hedge funds, fund of funds, and private equity have risen to $4.82tln. Adding to the overall increase were fund of funds assets, which rose 3.2% to $1.02tln, while private equity assets fell 16.6% to $846.9bn.

Transparency demands driving 3rd party administrator use as 'best practice' The investor-driven demand for greater transparency has taken hold quickly and firmly, rapidly becoming a "best practice" across the industry. 2010 saw several multi-billion dollar, self-administered funds buckle to mounting investor pressure and contract with third party administrators. More than 90% of new investor allocations have gone to the multi-billion dollar funds over the past year.

Within this trend Carbon360° has found that large funds turning to third party administrators are overwhelmingly contracting with the larger, more established firms to gain the benefit of brand recognition. However, most are utilizing the third party administrators as shadow platforms and opting for month-end services rather than daily services as they retain and integrate proprietary pl......................

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