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 industry.

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...

ISSN: 2151-1845 / CDC10004H

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