Third-party admin adoption all but complete for hedge funds

Segmentation expected between providers serving large versus emerging managers

The majority of hedge funds have adopted third-party admin

The eVestment Alternative Fund Administrator Survey represents the current state of the global alternative investment fund administration industry and includes information from firms across the spectrum of size and services offered.

Participating fund administrators provided assets under administration (AUA) for hedge funds, private equity, real estate, funds of funds and liquid alternatives. Reported alternative fund assets totalled $6.86 trillion as of December 31, 2014, excluding assets admini