Citco is once again the most popular administrator for hedge
funds, topping the annual Absolute Return ranking for
the fifth consecutive year.
The international firm, which has led the survey every year
since its inception, further increased its market share to
23.03%, approximately 1.2 percentage points more than last
Citco has kept its lead by investing aggressively in new
products such as Treasury and collateral functions, and new
standalone risk management software in the Americas and Europe,
said global head of sales Jay Peller. Even among startups, the
breadth of what funds are demanding from their administrators
is increasing, he said.
"There is no one model for every hedge fund. You have to be
able to adapt to this type of real world alternative industry
that we're living in," he said, offering as an example that
funds may choose a dual administrator model.
The consolidation of...