Global Custodian Hedge Fund Annual 2018 | Page 51

BUY [ M A R K E T R E V I E W | M & A ] or BE BOUGHT THE REALITY FOR FUND ADMINISTRATORS The wave of consolidation among fund administrators shows no signs of slowing down, and as new pressures continue to arise, each player is having to work out whether they are a buyer or a seller, writes Jonathan Watkins. The Hedge Fund Issue 2018 globalcustodian.com 51