Convergence of long-only and hedge funds drives 40% increase in assets on Multifonds platform in 2012. Janet du Chenne, Global Custodian interviews Keith Hale.

London, March 4, 2013 -- The convergence of long-only and hedge funds has increased significantly in the last year. In this regard, shared platforms for fund administration have led to year-on-year growth at single platform investment fund software provider Multifonds. Assets on the transfer agency side of the company's platform at the end of 2012 reached $1.4 trillion, 40% growth on 2011. The value of alternative funds with performance fee equalization, series and limited partnership structures on Multifonds' platform has increased from less than $1 billion two years ago to $50 billion today, while the number of funds, including long-only and alternative funds, has also risen from 6,000 to 8,500 funds.

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