Challenges ahead as AUA contracts
Fund administrators are facing unprecedented falls in assets under administration (AUA) and a contraction of the industry. Most Cayman Islands administrators are weathering the storm and hope to emerge stronger, offering a variety of services to hedge funds.
One of the hardest hit sectors of the hedge funds industry in the Cayman Islands has been fund administration. Just over a year ago, the industry was worried about a shortage of staff. Now several administrators have made staff redundant or are slimming down through natural wastage. Assets under administration (AUA) has shrunk as hedge funds experience high redemptions.
While AUA is down, the workload is up. With gates, side pockets and other ways of coping with illiquid assets in place, fund
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Custody
Fund admin providers see strong demand for illiquid strategies
Three-quarters of survey respondents administering $4.4 trillion collectively get weekly illiquids enquiries from managers
Bafin's Hufeld: op risk modelling 'almost impossible'
AMA can go, but other models will stay, Felix Hufeld tells Risk.net
HSBC drives custody growth with China mandate wins
Securities lending also sees uptick as BNY Mellon and State Street announce new clients
ISSA standards seek to stamp out cross-border custody crime
Principles also target misdeeds in settlement and distribution of securities
Are regulators listening at last on the leverage ratio?
Basel Committee, FSB and EBA open ears to balance sheet leverage concerns
Sovereign wealth fund interns cost BNY Mellon nearly $15m
Custodians should retrain HR in foreign bribery rules as SEC threatens further action
Latin alternative funds eye Asia following passport decision
AIFMD 'driving' South American business to Singapore
Non-domestic custodians notch up big deals in Australia
BNP Paribas Securities Services takes A$50 billion of UniSuper assets previously run by NAB
