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Unprecedented M&A levels driving technological advancement of alternative fund admin industry

Monday, August 24, 2015
Opalesque Industry Update - Ken McCarney, CEO of MUFG Fund Services, comments on SS&C’s acquisition of Citigroup’s Alternative Investor Services business: “We are seeing unprecedented levels of M&A activity among alternative fund administrators of all sizes. As administrators merge and grow, resources are pooled, resulting in better service for clients and a streamlining of expertise. This is a huge positive for the industry, as it enters a new phase of consolidation.

“This phase is one of the reasons why some of the larger fund administrators are developing and implementing the advanced technology driven solutions needed to support managers throughout the investment lifecycle. Access to these capabilities is crucial for mid market and billion dollar hedge funds as well as start-up/emerging managers who are the lifeblood of the industry.

“It is our responsibility as fund administrators to partner with fund managers and support their growth ambitions in a complex regulatory environment by pushing the boundaries of technological advancement. Consolidation acts as an additional driving force for administrators to deliver the cutting edge data management solutions that are critical to the operational performance of the alternative fund industry.”

www.mufg-investorservices.com

Related articles:
18.Aug.2015 SS&C acquires Citi’s Alternative Investor Services Business
20.Aug.2015 Opalesque Exclusive: Lack of clarity around AIFMD deters US managers, who opt for UCITS

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