Citco: HFs gather $50.5bn in Q2
Citco, the hedge fund industry’s largest asset servicer with $1.6 trillion in assets under administration, said returns remained strong in Q2 and investor inflows are gaining ground as well.
Gross subscriptions for Citco-administered funds were $50.5 billion with clear preferences for multi-strategy, global macro, private equity hybrid funds and funds of funds.
“With elevated trade activity and capital inflows industry-wide, we continue to emphasize the importance of robust infrastructure and operations for the hedge fund industry,” Declan Quilligan, head of hedge fund services at Citco Fund Services (Ireland), said . . .
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