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 taking advantage.
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 redemptions.
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