Thu, Mar 22, 2018
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private