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From Kirsten Bischoff, Opalesque New York:
The hedge fund administration industry has been impacted by multiple changes over the past two years. While the financial crisis caused massive outflows in assets under administration, investors underscored the importance of hedge fund administrators by demanding that contracting to third party providers become standard practice industry wide. The space has also seen increased M&A activity, and a rise in specializations (to service intricate strategies, asset sizes, new vehicles such as UCITS, etc), and other changes. The evolution of the hedge fund administration space is part of the reason behind research firm Carbon360's new Fund Administration Market, which the firm launched this month.
"All of the changes that have occurred in the administration industry have strengthened it, but they have also vastly increased the amount of information hedge funds need to consider during any evaluation process," says Daniel Golyanov, Director of Research at Carbon360.
The firm, which publishes the annual "Fund Administration Fact Book", a comprehensive 500+ page report on the global fund administration industry that compares over 160 administrators side by side has long been a conduit of information between hedge fund managers and administrators. The Carbon360 research team found that through their research processes they were hearing that both...................... To view our full article Click here
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