Despite signs that the European hedge fund industry is
starting to grow again after its earlier steep decline, the
administrators face an array of new challenges as well as new
Citco has retained its place as the leading administrator to
European hedge funds, both in terms of number of funds and
overall assets, according to the latest survey of hedge fund
administrators by the EuroHedge data and research team.
As at the start of 2010, Citco was administrator to 147
European hedge funds - with combined assets under management of
The second biggest administrator by number of funds was Citi
- whose hedge fund servicing business includes the former BiSys
- whose 115 funds make it the only other European hedge fund
administrator that has more than 100 hedge fund administration
mandates in Europe.
PNC Global Investment Servicing was in third place by number
of funds, with 95. Assuming...