Incisive Views from Professionals
Consolidation has provided some managers with the m eans to grow their firm at a time when the wider fund of hedge funds industry has contracted both in terms of AUM and number of participants. The majority (60%) of investors active in hedge funds seek exposure to the asset class via multi-manager vehicles, either solely or as part of a […] Read more »
By Hedge Fund Insight staff The trend for increasing concentration in the administration of funds has been going on nearly as long as the trend for concentration in the management of hedge fund assets. The latest example is given in this press release: UBS Group AG and Northern Trust Corporation announce that UBS […] Read more »
By Hedge Fund Insight staff It was announced today that PAAMCO and KKR Prisma are to form a Strategic Partnership to create a new liquid alternatives investment firm. As PAAMCO has been fiercely independent and Prisma was acquired by Private Equity giant KKR in 2012 to give growth to its’ liquid alternatives business this has […] Read more »
By Hedge Fund Insight staff With the release of the the fourth quarter results for Citigroup yesterday came an announcement that Citi will quit the hedge fund administration business: “Citi announced it also has plans to exit some non-core securities services and transaction businesses in the Institutional Clients Group (ICG), including from hedge […] Read more »