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By Christine Gaylican, Opalesque Asia:

As Asian markets continue to mature and regulations get stricter, the demand for third party administrators for alternative funds will remain strong in the region for the next five to ten years.

According to Hong Kong Securities and Futures Commission (HK-SFC) chairman Eddy Fong, this is the shared view of both private hedge fund service providers and government regulators. Thus, more cooperation must be established among them in the medium term, he said.

Emerging need for service providers in emerging markets

Top industry players mostly based in Hong Kong comprised of HSBC Securities, Citco Fund Services, Fortis Prime Fund Solutions are seeing a big need for middle offices in the near term.

"As the Asian markets evolve and develop, more outsourcing and middle offices are required by hedge fund companies establishing offices in the region recently," an asset administrator who requested anonymity said in an interview.

He noted that every Asian market, led by China, will be vital as alternative investors seek refuge and find new opportunities in these areas.

Related research made by the TABB Group for Carbon 360 (Source) indicated that the administration industry is expected to roll through yet another growth cycle as frequency of daily net asset value (NAV) calculations will increase to in......................

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