Administrators up BPO services

NEW YORK – A growing number of hedge fund administrators are moving beyond their traditional accounting and back-office service model to provide business process outsourcing (BPO) for their clients' middle- and front-office operations.

A new report from Celent Communications, Trends in hedge fund administration, posits that as the global hedge fund industry is expected to top $2 trillion in assets under management by 2009, hedge fund administrators will face both steeper competition in the

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