Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

eVestment|HFN releases its Q4 2011 hedge fund administrator survey

Monday, March 12, 2012
Opalesque Industry Update: eVestment|HFN today announced the release of its Q4 2011 Administrator Survey, sponsored by Advent Software. The survey includes 68 administrators with a combined $5.331 trillion in alternative assets under administration (AuA). Administrators were asked to provide AuA separated by alternative investment type (Hedge Funds, Funds of Hedge Funds, Separately Managed Accounts, Alternative UCITS and Other Alternatives) on an aggregated regional basis.

The survey found that Citco Fund Services maintained its top position as the largest hedge fund administrator and has been number one since the first survey in Q4 2008. State Street Alternative Investment Solutions and BNY Mellon Alternative Investment Services rounded out the top three. Citco Fund Services was also the largest fund of funds (FoF) administrator with BNY Mellon Alternative Investment Services, UBS Global Asset Management – Fund Services, State Street Alternative Investment Solutions and SEI completing the top five, in order. Additionally, J.P. Morgan Global Fund Services, SEI and BNY Mellon Alternative Investment Services reported large increases in Other Alternatives AuA.

Administrators reporting through December 2011 recorded a decline in total single manager hedge fund AuA of -1.5% in the second half of 2011. Reported FoF AuA also declined, -3.1% from Q2 2011. Participants reported UCITS compliant hedge fund AuA fell to $66.6 billion from $71.9 billion and separately managed accounts AuA rose to $48.4 billion from $38.9 billion. Other Alternatives AuA, including private equity funds, rose to $1.231 trillion from $921.8 billion.

By geography, North America accounted for 61.1% of reported global hedge fund AuA. Europe based alternatives administration was down sharply, with participants reporting losses of -14.2% in hedge fund AuA and -7.5% in FoF AuA. In contrast to Europe, administrators reported large up-ticks in their Asia-Pacific base with hedge fund AuA up +5.1% and FoF AuA up 40.8%. Asia-Pacific FoF AuA currently represents 1.5% of global FoF AuA.

Peter Laurelli, vice president and head of research at eVestment|HFN, said “These survey results are reflective of the global trends affecting the world’s economies and in turn hedge fund asset flows. It is interesting to note the outflows from funds based in Europe and into those in the Asia-Pacific region, which is mirrored in other investments as well.”

The results of eVestment|HFN’s next Administrator Survey are expected to be published in August 2012.

Survey Results

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He