Hedge Funds Assets Under Administration Increase 16.8% in 2014 Reports eVestmentAccording to study released by eVestment, alternative assets under administration in 2014 totaled $6.862 trillion, up 16.8 percent from comparing with year-to-date.
Private equity and real estate fund assets under administration, which eVestment combines, outgrew assets under hedge fund administration and hedge funds-of-funds administration on a percentage basis, although hedge fund assets under administration were almost three times that of private equity and real estate, the eVestment report showed.
Private equity and real estate AUA rose 23.7% in the 12 months ended Dec. 31, to a combined $1.58 trillion, while hedge fund AUA grew 15.5% to $4.222 trillion and hedge funds-of-funds AUA grew 11.9% to $902 billion.
State Street Alternative Investment Solutions retained the top spot in hedge fund and private equity-real estate assets under administration in 2014, though the latter category saw a slight decline compared to 2013. Hedge fund AUA at State Street totaled $772.2 billion, up 9% from the previous year; while private equity-real estate AUA totaled $422.6 billion, down 0.8%.
Second behind State Street in hedge fund AUA were Citco Fund Services, at $624 billion, up 8.3%; BNY Mellon Alternative Investment Services, $547.7 billion, up 17.9%; SS&C GlobeOp, $445 billion, a 5.7% increase; and Northern Trust, $300.4 billion, up 115.9%. Much of that gain was because Northern Trust last year began replicating middle- and back-office services for $140 billion in assets of Bridgewater Associates.Source: Pensions & Investments