AFI 500: Administrator Ranking 2025



Citco is the leading hedge fund administrator in AFI’s new ranking of the global industry, with more than 100 of the 500 firms as clients.

  • Citco (101), is followed by Morgan Stanley (94) and SS&C (83).
  • The ranking below includes firms with at least three clients on the AFI 500. There is a long tail of firms with one or two. Please contact AFI for details and for information about service providers to specific hedge funds.

The ranking incorporates the world’s leading 500 hedge fund managers on a regulated AuM basis, broadly capturing the universe of firms at $1bn or more in absolute hedge fund assets.

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