Sat, Dec 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund administrators continue to consolidate - eVestment

Wednesday, March 27, 2013

Bailey McCann, Opalesque New York: Consolidation among the largest administrators continues, driven by regulation, demand for more sophisticated services, and the rise of direct institutional investment in hedge funds according to the 12th annual Q4 Hedge Fund Administrator Survey, conducted by eVestment. The survey is a semi-annual publication and a measuring stick of the administration industry’s hedge fund and alternatives businesses, including regional representations. Firms were asked to submit total and region specific assets under administration across single manager hedge funds, funds of hedge funds, managed accounts, UCITS compliant hedge funds and other alternatives.

The survey includes 37 firms with $2.931tn in single manager hedge fund assets under administration (AUA), among 9,379 hedge funds.

State Street, Citco and BNY Mellon topped the league tables with a combined $1.487tn in AUA while the top five firms reported $2.025tn in single manager hedge fund AUA. Single manager hedge fund AUA grew by 5.6% in the second half of 2012, a continuation of the increase in AUA seen in the prior survey. Fund of hedge funds AUA growth lagged again compared to hedge fund AUA growth with administrators posting an aggregate 1.3% increase in the space.

In terms of strategies, equity strategies suffered outflows estimated to be $26.95bn over the cou......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest