Ten steps to choosing an administrator

Business is so good for hedge fund administrators that some of the key players are turning would-be promoters away.

Three factors lie behind the boom: the number of hedge funds being established has increased tremendously; initial investment in start-up funds has risen; and a multitude of institutions are entering the market.

Tass Research reported in September that investments in hedge funds had quadrupled from $50bn to $205bn over the past six years. All this translates into more work for th