Administrators battle for position in a consolidating Asian market
Wed Jun 20, 2012
HSBC remains the clear market leader among hedge fund administrators in Asia, though still pursued by a long list of other players in a market that continues to shrink by number of funds trading as well as by assets over the past year
HSBC remains by a long distance the biggest administrator in
the Asia-Pacific hedge fund industry, both by mandates as well
as by assets. And Citco Fund Services retains second place by
mandates, though it is still third - now some way behind
Goldman Sachs - by assets under administration, according to
the latest AsiaHedge survey of administrators in the
There have been a number of significant changes to the
market over the past year. The number of funds trading has
continued to fall sharply (from 940 two years ago to 856 last
year, to only 779 on the latest numbers) due to a paucity of
new fund launches and a lengthening list of funds shutdowns;
and assets have been falling, too (from over $150 billion on
last year's survey to $136.5 billion this year) following a
period of mostly poor performance.
It has been a period of major challenges...
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