Mon, Aug 3, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner