POWERED BY MOMENTUM MEDIA
Institutional investors driving hedge fund transparency: State Street
Institutional investors are driving the use of third-party administrators in the hedge fund industry in a bid to increase transparency and operational control, according to the latest Vision report from State Street.
The report, titled Hedge Funds: Rebuilding on a New Foundation, found that as hedge fund assets under management return to record levels after the global financial crisis, investors are seeking to change the way funds are run.
George Sullivan, head of State Street’s alternative investment solutions group, said institutional investors are increasingly taking greater interest in how hedge funds manage operational infrastructure, choose administrators and provide for governance and best practices.
The report said this meant the use of third-party administration and risk management has gone from a “nice to have” to become a critical market differentiator.
“By hiring administrators to assume a range of services, including data management, asset class coverage and portfolio risk analysis, fund managers can concentrate on generating alpha and distributing investment products,” Sullivan said.
AUTHOR
Ashleigh McIntyre
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
