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Hedge Fund Administrators


In the past, a majority of hedge funds performed some or all administrative functions in-house. That changed as a result of investment scandals that played a key role in the Great Recession in the late 2000s. Investor demands for financial transparency and third-party management of back- and middle-office functions prompted many hedge funds to outsource some or all of these functions to hedge fund administrators (HFAs). Using third-party administrators also looks good to government regulators, who strongly encourage independent oversight of hedge fund back- and middle-office operations.