During the second quarter of 2015, fund administrator Citco overtook State Street Global Fund Services to become the top fund administrator with regulatory assets under management (RAuM) of $1.06trn as reported to the Securities and Exchange Commission, according to HFM Week.

HFM Week tracks fund administrators, on a quarterly basis, by both the number of funds managed and RAuM. Citco’s ascension to the number one spot for RAuM continues the momentum that Citco previously established through its position as the number one fund administrator based on the number of funds administered in prior HFM Week studies.