The changing UCITS admin landscape
Mon Jun 11, 2012
The alternative UCITS sector poses opportunities and challenges for administrators. Joy Dunbar reveals the results of our latest survey of administrators in the sector.
The role of the traditional prime broker has been challenged
by the growth of alternative UCITS and administrators are
One of the opportunities that administrators have taken
advantage of is offering derivatives, collateral and
over-the-counter services to asset managers - as well as
traditional administration services such as calculating net
asset values (NAVs) and handling subscriptions and
Given that UCITS is an onshore industry this latest
administration survey - which represents a snapshot of the
industry at the beginning of 2012 - is heavily dominated by big
global banking and financial groups.
BNY Mellon Alternative Investment Services administers 29
funds with assets under administration of $26.8 billion on the
latest figures - up from 22 funds with just under $16 billion
of combined assets one year previously.
This contrasts to the offshore hedge fund administration
sector where the biggest player is Citco Fund Services which
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