Citco Tops Among Administrators With $436B In Assets

Dec 4 2007 | 12:27pm ET

Citco Fund Services remains the undisputed giant of the hedge fund administration world, overseeing nearly twice as many assets as its nearest rival.

The firm administers $436 billion in single-manager hedge fund assets and $174 billion in 530 funds of hedge funds—good enough for second worldwide in that category, according to HedgeFund.net’s third-quarter administrator survey. Citco is also the largest administrator of hedge funds domiciled in North America and Europe, and the second-largest administrator of Asian-domiciled funds.

HSBC Securities Services is the second-largest single-manager administrator, with $229 billion in assets under administration, followed by Citi Hedge Fund Services at $228.8 billion. State Street’s IFS at $208 billion, Goldman Sachs Administration Services at $191 billion, The Bank of New York Mellon at $136.2 billion and Fortis at $125.7 billion.

CACEIS Investor Services, the largest administrator in Asia, clocked in at eighth place, with nearly all of its $101 billion in assets under administration in its specialty region. SS&C Fund Services and UBS Global Asset Management rounded out the top 10 at $95 billion and $80 billion, respectively.

Fortis was the largest fund of funds administrator, with $267.4 billion across 521 funds of hedge funds. Most of the firm’s fund of funds assets are domiciled in Europe, where it is the largest fund of funds administrator. It is also the largest in Asia.  UBSGAM, which placed third overall among fund of funds administrators with $115.8 billion, was the largest fund of funds admin in North America, edging out Citco by just over $3 billion.

Overall, HFN’s survey covered 58 hedge fund administrators with $2.6 trillion in assets under administration, as well as 53 fund of funds administrators with $1.3 trillion in assets.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.