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Convergence’s data-driven insights and research appear often in the news and on media platforms of all sizes. By following “Convergence News” you will gain access to our media interviews, whitepapers, ad hoc research, monthly podcasts and educational videos.
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July 25, 2026

The Oversight-and-Governance Shift: Why Hedge Funds That Still Run Full Ops Shadowing Are Paying for an Answer They Already Have

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More on SEC Political Contribution Rules

John Phinney examines the SEC's proposed rescission of Rule 206(4)-5, the adviser political contribution rule, noting no surveyed market uses the same two-year compensation time-out model and that rescission would leave the U.S. less prescriptive than markets that broadly prohibit corporate political donations.

John Phinney
September 4, 2026

Auditor Market Concentration: Top 25 Firms Control 68% of Assets, But Growth Favors the Middle Tier

The top 25 auditors control 33.4% of fund market share and 68.1% of asset market share, but growth varies sharply by tier: auditors ranked 11-25 posted the highest fund growth at 14%, while auditors ranked 25+ saw asset-under-audit growth decline 8%.

George Gainer
September 3, 2026

Fund Administrator Market Share and Growth Trends, July 2026

The top 25 fund administrators hold 28.8% of fund market share, flat versus July 2025, while AUA market share rose to 44% from 41.5%. Administrators ranked 6-10 led fund growth at almost 15%, while administrators ranked 1-5 led AUA growth at 26.8%.

John Phinney
August 28, 2026

The Value of Knowing the Managers that are Likely to Change their Fund Administrators

$437 million in fund administration revenue changed hands in 2025 as 1,136 managers switched providers across 6,724 funds and $1.178 trillion in GAV. Managers switching declined 1.7% year over year, but funds switched rose 12.5% and assets affected rose 8.3%.

George Evans
August 24, 2026

The Value of Knowing the Private Fund Managers Likely to Outsource Self-Administered Funds

Since 2013, advisers have outsourced 18,000 self-administered funds, averaging $225mm in size and generating nearly $3bn in fees for fund administrators. Convergence's predictive analytics identify likely outsourcers before a formal process begins, letting administrators prioritize pipeline rather than chase every opportunity.

George Evans
August 20, 2026

How Regulatory Filing Data Changes the Talent Identification Equation in Alternative Asset Management

ADV filings name every C-suite executive at every SEC-registered investment adviser, updated daily. Convergence converts that regulatory data across 129,000 advisers into a weighted candidate ranking tool calibrated to fund type, structure, asset class, and service provider experience, producing a ranked shortlist rather than a contact list.

John Phinney
August 20, 2026

AI Won't Replace Product Managers. It's Changing What Makes a Great One.

Demarco argues AI is shifting the product development bottleneck from execution to judgment. As competitive research, prototyping, and documentation speed up, the strongest Product Managers will be defined by systems thinking and deciding what's worth building, not technical depth in any one discipline.

Joshua DeMarco
August 19, 2026

Why Fund Administrators Need Earlier Revenue Signals

Phinney and Evans argue that by the time an RFP reaches the market, the best-positioned fund administrators have already been building the relationship for months. They identify seven signals indicating a manager may need more support, and argue the real sales challenge is prioritizing advisers, not finding every one of them.

George Evans
August 17, 2026

July 2026 Private Fund Capital Flows – Existing Funds

698 existing private funds raised $83.5 billion in incremental capital in July 2026, up 20.8% year over year, with the top 30 funds capturing 61.2% of the total. Phinney argues each raise is an account event requiring a specific retention, cross-sell, or competitive-displacement response.

John Phinney
August 15, 2026

What the Archegos Collapse Still Teaches About Reading Risk Signals

The Archegos collapse wiped out $8-20 billion in 2021. Commentators blamed the SEC, but banks, investors, and investment consultants all had access to the same missing signal, Archegos's absent Form 13F, and the same structural gap remains open today.

John Phinney
August 13, 2026

It Pays to be a Convergence Fund Audit Client

2026 set records in the audited private fund market: 12,154 new funds subject to audit raised $3.1 trillion, up 40% and 19% year over year. Convergence's Top 25 fund audit clients captured 63% of new funds and 64% of new assets, versus 27% and 23% for non-clients.

George Gainer
August 13, 2026

It Pays to be a Convergence Fund Administration Client!

July 2026 set records in the private fund market: 12,816 new fund entities raised $3 trillion, up 40% and 19% year over year. Convergence's Top 20 fund administrator clients captured 47% of new funds and 55% of new assets, versus 12% and 25% for non-clients.

George Evans
August 13, 2026

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