Fund administrators feel the squeeze as assets plunge

Third party administrators to the global hedge fund industry have slashed headcount by 20% during the financial crisis, as falling asset values and cost-cutting measures have forced hedge funds to rethink the services they outsource.

The Fund Administrator Fact Book, released today by Carbon360° Research, found fund administrators, whose revenue is driven by the volume of assets they service, have been hit by a 26% drop in serviced assets during the financial crisis.

WSJ Logo
Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It