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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