Administration Regulation

Institutional firms dominate first-ever Absolute UCITS administration survey


The absolute return UCITS industry is still fairly new compared to its offshore cousin, so this first Absolute UCITS administration survey gives an early snapshot of how market share is evolving in this emerging industry.

Not surprisingly, given that UCITS is an onshore industry, in contrast to offshore hedge fund administration – where the biggest player historically has been Citco Fund Services – the survey shows that administration for onshore UCITS funds is heavily dominated by big global banking and financial groups.

The survey highlights the top two administration firms, by assets, had similar assets under administration as of