eVestment’s Q2 2013 eVestment Hedge Fund Administrator Survey indicates that the multi-trillion industry is continuing to grow steadily.
The report, which surveyed 38 fund administrators, shows that assets under administration increased 13.31% in the first half of this year, compared to 5.56% in the second half of 2012. Total single-manager assets under administration for all 38 firms surveyed totaled $3.411 trillion as of June 30.
The data shows that State Street Alternative Investment Solutions, Citco Fund Services and BNY Mellon Alternative Investment Services continue to dominate the top three spots of the survey, with $682 billion, $532 billion and $445 billion in assets under administration, respectively. The five largest firms accounted for 67.32% of total administered hedge fund assets.
Meanwhile, while total AUA growth in the fund of hedge funds space was 2.9% during the first six months of this year, four of the top ten firms experienced a decline during the same period.
Founded in 2000, Atlanta-based eVestment acquired hedge fund analysis provider Pertrac and cloud-based hedge fund technology provider Fundspire last year. It now offers one of the world’s largest traditional and alternative investment databases.