Administrators battle for position in a consolidating Asian market


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