Institutional firms dominate first-ever Absolute UCITS administration survey

Mon Jul 4, 2011




The absolute return UCITS industry is still fairly new compared to its offshore cousin, so this first Absolute UCITS administration survey gives an early snapshot of how market share is evolving in this emerging industry.

Not surprisingly, given that UCITS is an onshore industry, in contrast to offshore hedge fund administration – where the biggest player historically has been Citco Fund Services – the survey shows that administration for onshore UCITS funds is heavily dominated by big global banking and financial groups.

The survey highlights the top two administration firms, by assets, had similar assets under administration as of the beginning of 2011 – the date on which these figures were calculated.

BNY Mellon Alternative Investment Services administers 22 funds with just under $16 billion of combined assets, while RBC Dexia has 48 funds with $15.2 billion.

Caceis came in third, in terms of assets, administering 32 funds with $11.7...

ISSN: 2151-1845 / CDC10004H

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