Second Quarter 2014 AlphaPipe and HFMWeek Service Provider Snapshot.
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.