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Article: Support Services: Hedge Fund Administration - The price of partnership.
- Article from:
- Financial Times Mandate
- Article date:
- May 1, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With subscriptions to hedge funds predicted to rise sharply, administrators of these alternative investments are bullish about their future business prospects. According to a white paper from consultancy Acito, Quirk & Casey published last September with the Bank of New York, US institutional investor capital in hedge funds will surge to $300bn (e233bn) by 2008 from around $60bn today. Indeed, money run by hedge funds passed the $1000bn mark in 2004, and growth projections are for at least a doubling of global hedge fund assets under management inside five years.
Of the 39 third-party hedge fund administrators tracked by Alternative Fund Services Review last ...