Consolidation climate changes market dynamics for Asian fund administrators


HSBC maintains its dominance of the Asian hedge fund administration landscape in terms of fund mandates, while State Street emerges as the new market leader by assets under administration

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The AsiaHedge Asian hedge fund administration for 2013 survey reveals the changing dynamics in a marketplace faced with rising costs and barriers to entry, industry consolidation, growing regulatory and investor demands, and a shrinking hedge fund universe.

Following its high-profile takeover of Goldman Sachs Administration Services last year as well as its ownership of the old IFS business, Boston-based State Street has emerged for the first time as the largest hedge fund (HF) admin-istrator in Asia by assets under administration (AuA).

State Street now boasts $26.86 billion in AuA, followed