Alter Domus sells Asia hedge fund admin arm

Australian alternatives fund administrator MainstreamBPO has acquired Luxembourg-based Alter Domus’ Asia-Pacific hedge fund admin arm, amid a trend for consolidation in this sector and growing opportunities in the family office segment. The acquisition adds some $3 billion to the Sydney-based firm’s $52 billion in assets under administration, of which $34 billion is in Australia.  The deal has bolstered the Hong Kong business in particular, with client numbers there rising to 23…