By Hedge Fund Insight staff Each year advisor to institutions NEPC surveys all hedge funds in place across all clients for whom NEPC advises on hedge funds. The 2017 survey went to 224 managers and 201 responded (Response rate: 90%). Information on 356 funds was provided. – Highlights and trends are summarized here. Firm-level data – […] Read more »
Fund Administration Biz Continues to Concentrate – NT Acquires UBS Fund Admin Units
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 »
Market Shares in Prime Brokerage and Fund Administration of Asian Hedge Funds
By Hedge Fund Insight staff Hedge funds investing in Asia are on a growth trajectory again. The growth of the last few years are an echo of the growth seen pre-Credit Crunch. Of course, as a more mature industry now the rate of growth is lower. There was an explosive growth in the number […] Read more »
Citi To Exit Hedge Fund Administration
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 »
Depositary-lite and the challenge of implementation
From Grant Thornton Under the requirements of the AIFMD, UK and other EU hedge fund managers that wish to market their non-EU, offshore hedge funds to EU investors through private placement, will need to comply with the “depositary-lite” regime. The depositary-lite regime requires one or more firms to be appointed to perform a number […] Read more »