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Managers of hedge funds and other alternative-investment vehicles are almost as likely to employ multiple administrators as they are to use just one. An analysis that Convergence provided to Hedge Fund Alert found that 25% of hedge fund, private equity fund and real estate fund operators work with two or more administrators. That’s closer than expected to the 30% who farm out back-office functions to a single vendor. View the Hedge Fund Alert article, “Multiple Administrators in Vogue” here (p.5).

 

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