Sun, Jun 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

State Street finds hedge fund investors dictate change in industry

Thursday, September 26, 2013

Beverly Chandler, Opalesque London:

Patrick Hayes, head of hedge fund operations, Ireland for State Street’s International Fund Services (IFS), is in an excellent position to assess developments in the global hedge fund industry. Some 1000 people work for State Street’s IFS in Dublin, where the hedge fund business administers some circa $330bn of the $680bn of funds under State Street’s global remit. These figures were augmented through last year’s purchase of Goldman Sachs’ fund administration business.

State Street has recently conducted a research project with Preqin of almost 200 hedge fund managers in North America, Europe and Asia and the findings reveal that the alternatives industry is set to change dramatically over the next five years.

Drivers for change are led these days by investors, who are becoming increasingly sophisticated and demanding of fund managers in this space. Hayes says: "One of the messages coming through loud and clear in the study is that the investor is a key driver. They are demanding more around transparency at 53%, followed by more favourable fee structures and liquidity."

Hayes says that the old days of a standard 2 and 20 fee structure has changed over the last five years, with investors requiring a more bespoke approach to fees. Their demands for liquidity, with 29% of hedge fund managers in Europe citing investor demand for more liquidity, means that S......................

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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to