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James Williams, Hedgeweek

Large funds continue to rely on bank-owned administrators

Tue, 16/06/2015 - 10:35

In a report published by eVestment last March (Alternative Fund Administrator Survey 2014), 95 per cent of respondents answered `yes' when asked if mergers and acquisitions were expected to play a role in the hedge fund administration over the next few years, citing the desire for economies of scale as the most likely driver of future deals. »

Joe Redwine, US Bancorp

Acquisitions fuel potential alternative asset growth

Tue, 16/06/2015 - 10:29

U.S. Bancorp Fund Services LLC (USBFS) is finalising two significant integrations: AIS Fund Administration, which it acquired in 2012; and Dublin-based Quintillion Ltd, acquired in 2013. The two transactions combined added approximately USD43 billion in AuA to their existing business along with several organic growth opportunities. »

Chris Kundro, Wells Fargo Global Fund Services

It’s not just about administration anymore

Tue, 16/06/2015 - 10:27

By Chris Kundro, Senior Vice President, Head of Wells Fargo Global Fund Services – There should be little surprise regarding the on-going trend of bank-owned hedge fund administration businesses being sold or put up for sale. There should be even less of a surprise to find that banks have been the acquirers of most hedge fund administration businesses, both bank-owned and independent, that have been sold. Both sides of this trend will continue.  »

Frnak La Salla, BNY Mellon

Broadening services for real estate funds

Tue, 16/06/2015 - 10:23

BNY Mellon is a prominent investment company in the financial industry. It has a market capitalisation of USD45 billion and is one of the world’s largest investment managers with USD1.7 trillion in AUM.  »

Jorge Hendrickson, Opus Fund Services

Benefiting from admin musical chairs

Tue, 16/06/2015 - 10:19

There are plenty of push and pull factors influencing hedge fund administrators but whilst there are those who are getting distracted by M&A activity, one administrator that is taking advantage of the situation to win new business is Opus Fund Services, which serves over 200 fund managers and 300-plus funds with a combined AUM exceeding USD10 billion. »

Mark Hedderman, TMF Custom House

Administrators need to reclaim lost ground

Tue, 16/06/2015 - 10:11

According to Mark Hedderman (pictured), CEO of Custom House Fund Services, the hedge fund administration industry needs a moment to reflect and think long and hard about what the preferred model to conduct hedge fund administration should be. It’s time to take a deep breath and look at how the evolution of the hedge fund administration business model has altered.  »

James Williams, Hedgeweek

Independent administrators need to be brave on pricing

Tue, 16/06/2015 - 10:05

According to a report produced last August by PwC entitled ‘Hedge Fund Administration – The quest for profitable growth’, there have been 27 HFA acquisitions since 2006, with 11 of those targets running USD20 billion or more in AuA. As the report points out, this helped bank-owned administrators increase their market share of outsourced hedge fund AUM from 47 per cent to 64 per cent.  »

climbing ahead

Boutique Investment Managers outperform over past two decades, says AMG study

Tue, 16/06/2015 - 09:00

Active boutique investment managers have consistently outperformed both non-boutique peers and indices over the past twenty years, in many cases by a wide margin. »

London offices

Solomon Wifa joins Willkie Farr & Gallagher

Mon, 15/06/2015 - 20:30

Solomon Wifa has joined Willkie Farr & Gallagher firm as a partner in then firm’s London office. »

sell button

Misys appoints Simon Paris as president and chief sales officer

Mon, 15/06/2015 - 19:15

Misys has appointed a new President and Chief Sales Officer, Simon Paris who will have respsonsibility for the entire go-to-market organisation, including sales, marketing, pre-sales and partners. »

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