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Ready for Prime Time: Emerging Opportunities for Hedge Fund AdministratorsPublished by: TowerGroup Published: Jun. 1, 2009 - 10 Pages Table of Contents
AbstractThe continued decline in global hedge fund assets expected for 2009 will start to reverse in 2010 as institutional investors regain confidence in alternative investments.Hedge fund administrators will take business away from prime brokers by developing front-office trading and analytics services and expanding current middle- and back-office offerings. Global IT spending by hedge fund administrators will be down to $180 million (USD) in 2009 but will increase at a compound annual growth rate (CAGR) of 7% to $220 million in 2012. TowerGroup expects hedge fund administration adoption rates in the United States to reach 100% by 2012 as investors demand independent valuation and oversight of assets and operations. Hedge fund administrators must invest in technology to provide on-demand access to reporting, transparency of pricing, and the aggregation of data from multiple counterparties. Get Full Details About This Report >> |
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