Sun, May 1, 2016
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. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  2. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n