As the costs of doing business have increased, more and more hedge fund managers are adopting the cloud; this has revolutionised the way all businesses operate, not just hedge funds. But as technology improves and brings greater operational efficiency and
International law firm Simmons & Simmons has unveiled the first dedicated online resource for start-up hedge fund managers, LaunchPlus, which supports emerging managers in the launch and operation of a new hedge fund management business. The resource has been created
Over the last 15 years the fund administration industry has been dominated by the big banking behemoths at one end of the scale and small niche players at the other. Gradually, some of those smaller entities have been consumed. Yet
Focusing on bank-owned administrators, nobody knows the precise reasons as to why investment banks have been vacating the hedge fund administration space other than the banks themselves. One possible explanation is that the integrated model they have been running for
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
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
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
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. More specifically, BNY Mellon is best known
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
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
