There was little change in the latest service provider tables during another quarter of negative hedge fund performance--
The final three months of 2015 saw little movement in the service provider stakes with most firms retaining their third quarter positions, according to the latest HFMWeek/AlphaPipe Service Provider Snapshot. Despite a decent start to the quarter, which saw hedge funds enjoy respective gains of 1.7% and 0.2% during October and November, in December they recorded a -1% fall according to HFR data, mirroring the HFRI Fund Weighted Composite index’s annual result of -1%.
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SS&C and Mitsubishi MUFG acquisitions change the shape of admin table as growth elsewhere remains flat--
With many strategies hit by the market volatility during the quarter, service providers remained mostly at in growth and market share, according to the latest HFMWeek/AlphaPipe Service Provider Snapshot. While outperforming major market indices, hedge funds made an overall loss of -1.22% in September, according to HFR data. It completes a fourth consecutive month of losses, the worst run since the 2008 nancial crisis. In the administration space there is a third new leader in as many quarters as SS&C GlobeOp’s purchase of Citi’s admin book boosted assets by 20% to overtake last month’s table-topper Citco.
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Good inflows into hedge funds in the second quarter serve as boost to larger service providers--
Strong inflows into hedge funds in the second quarter have been reflected in the performance of many of the largest service providers and administrators in particular, according to the latest HFMWeek/AlphaPipe Service Provider Snapshot.
Hedge funds enjoyed strong allocations in the second quarter of 2015 as investors added $21.5bn of net new capital, according to Hedge Fund Research. This represented the largest quarterly inflow into hedge funds since Q2 2014 and brought total global industry capital to $3trn. Inflows in the first half of 2015 amounted to $39.7bn.
HFMWeek’s study shows clear growth signs for many hedge fund service providers--
According to the most recent Hedge Fund Research data, the first three months of 2015 delivered the largest inflows since Q2 2014. Total hedge fund assets increased to $2.94trn, an increase of $95bn for the quarter.
The positive start to the year had a knock-on effect for administrators and other service providers, as the latest HFMWeek/Alphapipe Service Provider Snapshot reveals. Comprising figures for the 20 largest administrators, auditors, prime brokers and custodians operating in the US, the quarterly results point to clear growth signs for several of those surveyed.
HFMWeek’s study shows little change in top 20 auditors, custodians and prime brokers with one new admin entrant-
The final quarter of 2014 represented a potentially difficult period for hedge funds as oil price decline, geo-political unrest in Eastern Europe and a general fall in stock markets continued to take their toll.
According to the latest Hedge Fund Research data, total assets increased 1.1% in the fourth quarter to stand at $2.85trn, a $30bn increase from the end of September and up $220bn since the start of 2014.
HFMWeek reveals the top 20 largest administrators, auditors, custodians and prime brokers for SEC-registered hedge funds in its latest quarterly update--
The latest edition of the AlphaPipe-HFMWeek Service Provider Snapshot comes after a topsy-turvy three months for the hedge fund sector, as it experienced significant market volatility. According to Hedge Fund Research, total assets finished the third quarter at $2.82trn – an $18bn increase from July – with YTD assets up $190bn (7%) since January.
HFMWeek reveals the top 20 largest administrators, auditors, custodians for SEC-registered hedge funds in its latest quarterly update--
The latest edition of the AlphaPipe-HFMWeek Service Provider Snapshot comes after a challenging second quarter for the hedge fund sector, with modest overall returns and a lull in new launches.
The industry saw assets grow by 3.7% during the second quarter, according to Hedge Fund Research, from $2.7trn to $2.8trn. Asset growth reflected small gains for hedge fund strategies, with the HFRI Fund Weighted Composite Index up by 2% during the three months to 30 June. Hedge fund launches were also muted with just 225 compared with 374 during the first quarter of the year.
The second in HFMWeek’s quarterly updates of the 20 largest administrators, auditors, custodians and prime brokers ranked by SEC-registered hedge funds--
As anybody who follows the hedge fund industry knows: a lot can happen in three months. Indeed, since the launch of the AlphaPipe-HFMWeek Service Provider Snapshot earlier this year, there have been a number of changes to the rankings. The hedge fund industry has been busy as 207 US hedge funds were launched during the first quarter of 2014, according to data provider Preqin. It has also seen assets grow to record levels during the first three months of the year as inflows continued despite challenging times for hedge fund performance. The growth of industry assets has been represented in the service provider space, with many providers noticing an uptick in total regulatory assets under management (RAuM).