Preqin Special Report Hedge Fund Service Providers May 2017 Data Pack
Preqin Special Report Hedge Fund Service Providers May 2017 Data Pack
Preqin Special Report Hedge Fund Service Providers May 2017 Data Pack
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Fig. 1: Top 10 Fund Administrators Servicing Hedge Funds
Fig. 2: Top Five Fund Administrators by Proportion of Hedge Fund Launches Serviced, 2016 - Q1 2017
Fig. 3: Most Utilized Fund Administrators by Hedge Fund Assets under Management
ts under Management
$100-249mn $250-499mn
ager Location
Source: Preqin
Fig. 5: Top 10 Fund Custodians Servicing Hedge Funds
1,245
Credit Suisse Prime Fund Services
Bank of America Merrill Lynch 1,185
UBS 1,165
State Street Custody Services 1,162
Citi Transaction Services 1,129
Source: Preqin
Fig. 6: Top Five Fund Custodians by Proportion of Hedge Fund Launches Serviced, 2016 - Q1 2017
Fig. 7: Most Utilized Fund Custodians by Hedge Fund Assets under Management
nder Management
$100-249mn $250-499mn
J.P. Morgan Goldman Sachs
Goldman Sachs J.P. Morgan
Morgan Stanley Morgan Stanley
BNY Mellon BNY Mellon
Citi Transaction Services Credit Suisse Prime Fund Services
Fig. 10: Top Five Prime Brokers by Proportion of Hedge Fund Launches Serviced, 2016 - Q1 2017
Fig. 11: Most Utilized Prime Brokers by Hedge Fund Assets under Management
Fig. 12: Most Utilized Prime Brokers by Hedge Fund Manager Location
North America Europe
Goldman Sachs Morgan Stanley Prime Brokerage
Credit Suisse Prime Fund Services Credit Suisse Prime Fund Services
der Management
$100-249mn $250-499mn
Goldman Sachs Goldman Sachs
Morgan Stanley Prime Brokerage Morgan Stanley Prime Brokerage
Credit Suisse Prime Fund Services Deutsche Bank Global Prime Finance
Asia-Pacific Rest of World
Morgan Stanley Prime Brokerage Morgan Stanley Prime Brokerage
Source: Preqin
$500-999mn $1bn or More
Goldman Sachs Goldman Sachs
Morgan Stanley Prime Brokerage J.P. Morgan
Deutsche Bank Global Prime Finance Credit Suisse Prime Fund Services
Credit Suisse Prime Fund Services Deutsche Bank Global Prime Finance
Source: Preqin
Fig. 13: Top 10 Fund Auditors Servicing Hedge Funds
KPMG 2,895
EY 2,636
PricewaterhouseCoopers 2,606
Deloitte 1,409
RSM 485
EisnerAmper 407
Grant Thornton 328
BDO 310
Spicer Jeffries 193
Arthur Bell, Certified Public 136
Accountants
Source: Preqin
Fig. 14: Top Five Fund Auditors by Proportion of Hedge Fund Launches Serviced, 2016 - Q1 2017
$50-99mn $100-249mn
12% 11%
19% 22%
26% 24%
22% 21%
ger Location
Europe Asia-Pacific
18% 7%
24% 39%
20% 12%
28% 31%
$250-499mn $500-999mn $1bn or More
15% 10% 11%
22% 25% 32%
24% 27% 15%
25% 28% 35%
Rest of World
10%
17%
Fig. 16 Market Share of L
42%
24%
As i a-Pacific 7% 39%
Proporton
Del oi tte
Fig. 15: Market Share of Leading Fund Auditors by Fund Si
42% 24%
25% 18%
35%
28%
25%
21%
25%
21%
22%
18%
ur Auditor
0% 100%
0% 100%
Source: Preqin
Fig. 17: Top 10 Law Firms Servicing Hedge Funds
Fig. 18: Top Five Law Firms by Proportion of Hedge Fund Launches Serviced, 2016 - Q1 2017
Dillon Eustace 5%
Source: Preqin
Firm Headquarters
Sidley Austin US
Maples & Calder Cayman Islands
Linklaters UK
Sadis & Goldberg US
Cole-Frieman & Mallon US
4%
3%
3%
3%
2%
2%
Source: Preqin
Proportion of All Offshore Hedge Funds
Serviced
19%
10%
8%
8%
6%
5%
4%
3%
3%
3%
Source: Preqin
Fig. 21: Services Provided to Hedge Fund Managers by Fund Marketers
Proportion of Respondents
Targeting Potential Investors 95%
Developing Marketing Materials 79%
and RFPs
Fig. 22: Typical Number of Hedge Funds Fund Marketers Work with
90%
80% 79%
74%
70%
P ro p o rti o n o f R e sp o n d e n ts
60% 58%
50%
40%
30%
26%
20%
10%
0%
Fig. 22: Typical Number of Hedge Funds Third-Party Marketers Work with
13.96%
22.35%
2.53% 1
2-3
9.28%
4-5
6-7
8-9
Pro po rtion o f Respo ndents
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Fa m i l y O ffi ce
79%
F u n d o f H e d ge
79%
F u n d s M a n a ge r
9.28%
En d ow m e nt Pl a n
2.53%
68%
19.40%
We a l th M a n a ge r
63%
As s et M a n a ge r
58%
Fo u n d ati o n
58%
32.47%
Investor Type
Pri vate S e cto r 53%
Pe n s i o n F u n d
Pu b l i c Pe n s i o n
42%
Fund
I n s u ra n ce
37%
Co m p a ny
Fig. 23: Investor Types Marketed to by Fund Marketers
1
8-9
6-7
4-5
2-3
10+
26
Strategies Seeking to Work with in 2017 Fig. 24: Services Provided to He
Proportion of Respondents
56% 70%
33%
44% 60% 58%
56%
22%
50%
39%
44%
33%
40%
11% 33%
30%
25%
24%
20%
10%
0%
Equi ty Strategi es Event Dri ven Credit Strategi es M
Strategi es
74%
58%
26%
5%
Source: Preqin
22.35%
2-3
4-5
6-7
8-9
Fo u n d ati o n
58%
32.47%
Investor Type
Pri vate S e cto r
53%
Pe n s i o n F u n d
Pu b l i c Pe n s i o n
42%
Fund
I n s u ra n ce
37%
Co m p a ny
8-9
6-7
4-5
2-3
10+
Ba nk
26%
Source: Preqin
S ove re i g n We a l th
16%
Fund
S u p e ra n n u ati o n
16%
S ch e m e
Source: Preqin
Fig. 24: Services Provided to Hedge Fund Managers by Fund Marketers
56%
44%
39%
33% 33%
25%
24%
22%
20%
16%
11% 11%
6%
Strategi es Event Dri ven Credit Strategi es Mul ti-Strategy Rel ative Val ue Macro Strategi es Ma naged
Strategi es Strategi es Futures / CTA
aged
res / CTA
Source: Preqin