Fund administrators’ IT spend to reach $250m by 2008

NEWS ANALYSIS: SPECIAL REPORT | TOWERGROUP REPORT PREDICTS MAJOR TECHNOLOGY ADMIN SPEND

BOSTON – As the hedge fund industry steadily approaches the $2 trillion mark, third-party administrators will ramp up technology investments to $250 million by 2008 in order to more fully support managers and differentiate themselves from one another.

In a new TowerGroup report entitled The Changing World of Hedge Funds: Implications for Fund Administrators, the consultancy observes that regulatory and institutional demands for greater transparency in hedge fund markets, more substantial IT r

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